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December 2019

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The Current Property Market - New Stats Revealed
 
  Dear Guest,

* The loan-to-purchase-price ratio for residential properties in South Africa increased far more in the second quarter of the year than at any time since 2008, according to the new FNB property barometer. * This occurred as the value of home loans granted in South Africa grew by an unusually quick rate of 4.9% in August. * Nevertheless, despite larger loans and more of them, overall house prices are still in decline when corrected for inflation. The latest FNB Property Barometer showed that the loan-to-purchase-price ratio improved from an average of 88% in the second quarter of 2017 to 90.6% ...
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Pranil Maharaj
Principal, Prime Property
 
 
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  Prime Property Umhlanga
(031) 566 5416 / 26
www.primeproperty.za.net
 
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