SA's in a recession. The first quarter of 2020 saw a 2% decline in GDP. The SA Reserve Bank expects the second quarter to show a whopping 32.6% decline in GDP.
This is a full blown recession, and to try and cushion the blow we're now seeing the lowest interest rates in SA's history.
The prime interest rate is at a mere 7.25% compared to 10% at the end of 2019. That means a repayment on a R... ››› more
There's no denying it. Property is one of the best performing sectors of the JSE, year in, and year out.
In fact, a quick look at the SAPY property index shows that it returned 1,035% between the start of August 2004 and August 2016.
In comparison the JSE All-Share index returned 626% including dividends…
Clearly property is a top performing sector.
What's even better - with list... ››› more
Right now there's an investment you've probably forgotten about. I'm not talking about your equity portfolio, your government bonds or even your retirement annuity.
I'm talking about a specific investment that will either contribute greatly towards your retirement or leave you struggling to make ends meet when you stop working.
You might have forgotten about this investment but right now, i... ››› more
The JSEs property sector is worth R590 billion. But until now it's only consisted of industrial, retail and office properties.
But on the 19th June 2015 a new company called Indluplace listed on the JSE. This company is the JSEs very first purely residential property company (REIT).
This is a big deal.
Being the first mover in the residential property market gives Indluplace a massive adv... ››› more
Since the financial crisis, the South African economy has struggled to gain momentum.
Yet despite this, the residential property market has managed to keep its footing for the past few years.
FNB's property expert John Loos expects the sector to perform reasonably well over the year ahead.
Let's take a closer look…
There’s growing demand in the residential property market
Yes... ››› more
South Africans have access to several types of housing subsidies.
Individual ownership subsidies can be used to acquire ownership of residential property for the first time.
In order to qualify for a housing subsidy, you need to meet the following criteria:
- be a South African citizen;
- be over 21;
- have a gross monthly income of less than R 3,500 per month;
- never hav... ››› more
Yesterday, FNB's property economist John Loos said the South African property market looks set to slow in the bank's Property Barometer Residential Property Outlook. This is in spite of the bank believing the economy will start to pick up. Rising interest rates will still put a dampener on the property market. Let's take a closer look at what could be in store…
The residential property market... ››› more
If you're looking to invest in residential property, there's a surefire way to ensure you don't lose money on your property investment. The recent matric results show residential property buyers and renters now factor ‘choosing a school for children' highly when looking for a new house. So do your research to ensure your property investment is near a top-performing school. But that's not all you... ››› more
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