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Category Archives: South Africa

KwaZulu Natal, South Africa’s Best Kept Secret

South African Housing Market Today Over the past three years, the KwaZulu Natal property market has enjoyed unparalleled growth, outperforming other provinces as an investment destination. And yet, it is still considered one of the best-kept secrets in the country. According to the Pam Golding Residential Property Index, South Africa’s house price inflation continues to rebound, rising from a low of 2.5% in April 2019 to 4.1% …

South Africa

South Africa Reduces Lockdown and Is Open For Tourism

As pandemic-induced restrictions continue to affect travelers around the world, it’s heartening to hear news stories that suggest international travel might be soon making a return. Though such stories are few and far between, one such story has emerged in the past day in the form of South Africa. Africa’s third most visited nation, South Africa has recently moved to lockdown level 1 – …

Durban named largest hotel market in SA

Durban named ‘the strongest hotel market in SA’

Comparatively better domestic tourism demand in Durban has seen JSE-listed Tsogo Sun Hotels stick to its plan to reopen the historic 111-year-old Edward Hotel, despite the group already having a significant presence on the city’s beachfront. Group CEO Marcel Von Aulock tells Moneyweb the hotel reopened on Monday, becoming the fifth property the group now operates along the Golden Mile. He says it has …

South Africa Real Estate Market Mortgage Rebound

SA Property market rebound Sees Home Loan applications...

There are early signs that the property market is rebounding sooner than expected, as the pent-up demand wave ends and the appetite for home loans grow. Property is certainly more accessible following five successive repo rate cuts since January. With the drop in the prime lending rate from 10% to its current historic low of 7%, many South Africans are finding a footing on the property …

Rent vs Buy SA

South Africa: Low 7% interest rate and downscaling tre...

The exceptionally low interest rates, are opening up the residential property market to buyers who previously did not qualify for bonds. Following the latest interest rate cut, purchasing real estate has never been more enticing. At the current prime lending rate of just 7%, homeowners can end up spending less on their monthly bond installments than they would in rent. Downscale due to pressure Applicant …

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