Home buying Trends

After allowing for inflation South African home prices have entered a long-term negative trend.  This is good news for home buyers, but bad news for home sellers. FNB property economist John Loos says the “slow puncture” of real property prices in South Africa has begun. Loos believes South Africa has entered a long-term cycle of

While fewer South Africans were selling their homes in order to emigrate, the percentage of foreign buyers of local houses was rising, reports John Graham CEO of HouseCheck. Graham says that the FNB estate agent survey for the last quarter of 2012 shows that the percentage of home sellers who were selling to emigrate dropped

It is still much cheaper to buy an existing  house than to build a similar size new house.  Second hand housing in South Africa is now on average one third cheaper than similar size new housing.  However, buyers of second hand housing are advised to make their purchase subject to a home inspection to make

Actual house prices are growing very slowly – at less than 4 per cent year on year.  First-time buyers continue to dominate the market –  more than 50 per cent of  bond applications are from first time buyers.   These trends are according to bond originator ooba most recent statistics – for October 2012.   The

Home prices rise slowly There was moderate growth in house prices during September 2012, according to bond originator, ooba. The average house price for September was R876 717, up 4.5 per cent year-on-year. The average home loan deposit was up from  R142 885 in September 2011 to R156 172 in September 2012, which is 17.8

By John Graham CEO HouseCheck Research over the past 10 years on consumer behaviour shows clearly that all over the world the common denominator is a search by the consumer for something to trust. Easy access to independent information via the internet, the banking scandals, political scandals and increasing incidents of what is perceived to