The South African Reserve Bank (SARB) made the decision that the repo rate should remain unchanged at 5.5%. The SARB has kept the rates unchanged for 16 months, and it is the lowest in 30 years. This decision leaves the Rand less volatile. ...read more
Both buyers and investors find the idea to buy repossessed property on auction attractive. It is a common fact that repossessed properties are bargain buys. ...read more
Interested in buying a repossessed property on auction, but want to know how to get the best out of the deal? Here is what you can do to make the process go smoother, and what you can expect. ...read more
With the many repossessions taking place in South Africa, the market has reached a point where property has become relatively cheap. This is good news for would-be owners, enabling them to get their hands onto repossessed properties at a good price. ...read more
When buying a repossessed property on auction, you will uncover a great deal that will suit your needs as well as your budget. But how do you go about buying on auction? Here are some handy tips. ...read more
When you buy a repossessed property on auction, there are also some post-sale expenses that you will need to take into consideration. Here are a few of them: ...read more
While buying a repossessed property on auction, you might tend to wonder why you need to own a property instead of renting one. Everybody needs to be a homeowner at some point or another. There are many advantages when you own a home instead of renting from another homeowner. ...read more
Believe it or not, but in a recent survey taken by the UK’s “Daily Telegraph”, South Africa was rated as the sixth location where it is safe to invest in property. Keeping in mind that the South African property market is sought after by foreigners, this makes the idea to buy a repossessed property so much more appealing. ...read more
Looking to invest your money in a long-term investment? There is no better time than right now to invest in repossessed property. The worst part of the recession seems to be behind us and the property sector is busy recovering. 2012 looks very promising in terms of property investment, and here are the reasons why: ...read more
We all know that when you buy a repossessed property on auction, you pay less than the market value of the property. ABSA issued its newest residential report, indicating the price difference between newly built properties and existing properties. ...read more
