South African home buyers are increasingly placing more emphasis on environmentally-friendly features when choosing a home, highlighting the importance of going green not just to protect the environment but also to improve the value of your property.
New statistics released by ooba www.ooba.co.za - South Africa's leading bond originator - show that self-employed South Africans are finding it increasingly difficult to have their home loan applications approved compared to their employed counterparts.
With the recovery in the residential property market looking set to continue into the second half of 2010, an increasing number of potential first time buyers are considering making what will be the largest purchase of their lives so far.
The concept of taking out credit has been given a hard time in recent years - following the subprime mortgage crisis in the US and rising levels of indebtedness in South Africa.
The latest oobarometer stats reveal that the average purchase price growth among first-time buyers remains strong at 12.1% in June. This, together with the continued easing in lending criteria, is good news for potential homebuyers in South Africa.
House Price Indicators Point Towards Positive Outlook
Paying a deposit when you sign an offer to purchase a new home is considered a show of commitment. But how much is needed and what happens to these funds?
New Data Reveals Interesting Trends Around Racial Demographics of SA Property Buyers
Location and price most important to South African homebuyers
The latest statistics released by ooba, South Africa's leading bond origination company, reveal that the recovery in house prices continued year-on-year in March with above inflation growth.
Make sure your home loan application is successful
The latest statistics released by ooba, South Africa's leading home loan originator, shows that the recovery in the residential property market accelerated in February. The oobarometer price index recorded a year-on-year nominal price increase of 11.4% from R803 642 to R895 031.