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Friday Nov 06, 2020

More tenants opt for property ownership

"Tenants that meet the banks' lending criteria are now using the opportunity to purchase properties at a lower price, due to an over-supply of available sales stock and a lower effective lending rate."

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FNB Residential Property Barometer for November 2020

Despite the pandemic, industry-wide data shows bourgeoning home buying activity, with the volume of mortgage applications reaching multi-year highs.

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Deciding between multiple offers

When considering multiple offers, Adrian Goslett recommends considering three aspects : suspensive conditions of the offer, the financing of the deal, and the date of occupation.

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Why 2020 does not compare to the 2008 housing market crash

The 2020 property market has bounced back since lockdown, and has shown very few similarities to that of the crash twelve years ago.

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