FNB | Residential Property Barometer – February 2024

      Dear Business Partner Please find attached the latest FNB Property Barometer. Key themes Interest rates have likely peaked, with a measured cutting cycle coming into view in the latter half of 2024. Our projections of slightly lower interest rates, moderately better growth outcomes, and continued employment gains should help support a modest lift in demand for property, …

Absa | Latest Homeowner Sentiment Index Echoes Challenging Property Market Conditions

                   8 March 2024 Latest Absa Homeowner Sentiment Index Echoes Challenging Property Market Conditions The latest Absa Homeowner Sentiment Index (HSI), a comprehensive indicator of consumer confidence in South Africa’s property market, showed a decline in positive sentiment in Q4 3023 as consumers expressed caution, spurred by concerns over economic conditions and …

FNB | Residential Property Barometer- January 2024

Dear Business Partner Please find attached the latest FNB Residential Property Barometer, with detailed outlook for 2024. In summary:House price growth moved sideways in January Outlook: A steady recovery in sight Full report attached. Regards,The BondExcel team

Repo rate unchanged at 8.25%: Good news for consumers and property owners

25 Jan 2024 Breaking News! The SARB’s Monetary Policy Committee decided to keep the repurchase rate at its current level of 8.25% per year. Lower inflation a positive indicator for potential interest rate cuts, says Dr Andrew Golding, chief executive of the Pam Golding Property group With headline inflation easing to 5.1% in December 2023, down from 5.5% in November and …

FNB | Residential Property Barometer – January 2024

Dear Business Partner Please find attached the latest FNB Residential Property Barometer. In summary: The FNB House Price Index growth averaged 0.8% y/y in December, marginally higher than the 0.7% in November (revised from 0.5%), and a low of 0.5% in October. This suggests that annual house price growth averaged 1.5% in 2023, in line with our expectations. The marginal …

What is affecting selling prices in the current buyer’s market?

05 Nov 2023 A buyer’s market simply means there are more homes for sale than there are buyers which gives buyers an advantage, as they have more choice and can negotiate lower prices. READ: Buying or selling? Why you should be on your estate agent’s hotlist According to the Seeff Property Group there are a number of factors which can impact the selling prices …

Buy or wait? Why you should buy property in a buyer’s market

03 Nov 2023 The economy is down, and the interest rate is up. Should you really be buying property right now? The answer is yes. Buying in a buyer’s market offers considerable benefits according to the Seeff Property Group. READ: Where first-time buyers can find affordable homes and 6 tips to consider when buying Buy low, sell high is always the ideal when …

FNB | Residential Property Barometer – September 2023

Dear Business Partner Please find attached the latest FNB Residential Property Barometer. Attached is also a special report, which investigates how the unprecedented load-shedding intensity has reshaped buyer preferences in the domestic market. FNB Residential Property Barometer: Summary The FNB House Price Index growth slowed to 0.8% y/y in August, down from 1.2% in July (revised from 1.1%). Our internally …

Do this before you put in an offer to purchase your dream home

It is vital to realise that an offer to purchase a property is a legally binding contract and that you cannot get out of it without incurring onerous financial penalties. You should therefore be ready to purchase the property before you put in your offer, says Samuel Seeff, chairman of the Seeff Property Group. A property is a long-term purchase, and you need …