Guiding consumers since 2009

Now is a good time to invest in property

By Staff Writer
As South Africa continues its slow but steady recovery from the recent recession, industry players in the property market reckon home buyers are finally realizing now is the time to buy as property prices bottom out.

The ABSA house price index showed that the average price for homes in the small to large category have continued to grow at a nominal rate and, according to a CEO of a property agent, it's the first time since the market hit the slump that consumers are sensing it's a good time to buy. 

  • The average price for a small home (80m2 to 140m2) is currently sitting at around R676 800.
  • The value of medium sized homes (141m2 to 220m2) was R953 600 in February .
  • Buying a large (221m2 to 400m2) home will cost you about R1.4m.

With inflation on the rise and the hike in electricity prices, it's expected that the pressure on consumers will continue to mount while the recovery continues at a slow and steady pace.

Whether you're looking for your first home loan to buy a place for you and your family or as an investment or whether you are remortgaging, make sure you have a chat to a professional and take your time before making such a life-changing decision.

Recent Articles

Featured Personal loan or business loan? The best way to finance your business

When starting your own business, you may have to rely on external funding. Perhaps you qualify for a personal loan, but would it be better to take out a business loan instead? We got in touch with a specialist to find out whether it’s best to take out a business loan or a personal loan to assist you with your ongoing business or start-up.

What to do when you’ve been denied a home loan

After months of scanning property sites and attending showhouse after showhouse, you’ve finally found what you’ve been looking for. But your dream of owning a home comes crumbling down when you receive the news that you’ve been denied a home loan. So, what now?

Best travel cards offered by top South African banks

Planning a trip abroad involves a lot of administration. You need to consider travelling arrangements, reasonable accommodation, and a daily itinerary. But have you considered how you’re going to pay your bills once you arrive? Besides considering bank costs, you also need to consider exchange rates.

Best ways to save your money short-term

For many, it seems close to impossible to save when spending on holiday getaways, Christmas gifts, while also trying to ensure there’s money left to survive January. Justmoney takes a look at the best ways you can save during the short term.

Deals

Takealot January Big Sale

Price: Available on request
When: Until 31 January 2020
Where: Online

Annique Restore Package Special

Price: From R600
When: Until 31 January 2020
Where: Centurion

Ster-Kinekor Senior Citizens Discount

Price: Available on request
When: Daily
Where: Nationwide