It seems as though the residential property market might be stabilising and that interest in residential property is returning. Standard Bank’s property book January to October 2009 revealed an average monthly decline of 4,3% in the median house price, making it the 17th consecutive month of declines.
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Technorati Tags: median house prices, property prices, residential property
Real estate heavyweights predict that 2010 will be a great property year.
Absa’s
home loans’ boss says that he sees “light at the end of the tunnel and no train in sight”. Home loan applications were up by a dramatic 20% in September and approvals at Absa for residential mortgage applications are also up.
It seems as though people are more positive because the affordability levels are back to around the 2007 levels. Banks will grant more in mortgage finance because of the fallen interest rates since December.
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Technorati Tags: interest rates, mortgage finance, property prices, residential property
More and more potential homebuyers are using the internet to search for their ideal house. The internet helps you to search and investigate the whole residential market until you cut down your choices to only a few you physically have to see.
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Technorati Tags: homebuyers, online property, online property shopping
Following in its competitors footsteps Nedbank has decided to relax its deposit requirements for home loans and in certain circumstances grant 100% home loans. Nedbank’s decision comes as no surprise as Absa announced last month that they will consider approving 110% mortgage bonds to clients who earn less than R11,000 per month. Absa was the first Bank to provide relief to people in the low-income bracket.
Following a tough 18 months for people selling their properties and estate agents this positive news is a welcome sign of improving economic conditions. The past year and a half witnessed thousands of property industry jobs being shed due to the dramatic drop in sales volume in the property market.
Technorati Tags: homeloans, nedbank home loans
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18 May 2005
The extensive restructuring and the re-establishment of a dedicated Nedbank Home Loan business unit has resulted in a marked decline in the bank’s loss of home loan market share compared to that of five months ago.
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June 14, 2005
South African Home Loans* (SAHL) will soon be launching another exciting innovation for the South Africa securitisation market: the first listed residential mortgage warehousing conduit, the Thekwini Conduit, arranged by Standard Bank.
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June 22, 2005
According to an article on the Business Day Website, SARS will be able to delay the transfer of your property if your tax affairs are not in order.
The new regulation, that came into effect last month, will affect all taxpayer, from induviduals through to companies. Lindsay Williams asked Peter Frank, SARS Law Administrator, to explain about the new law and why it has been introduced.
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July 11, 2005
Standard Bank has been ranked No. 1 in sub-Saharan Africa in The Banker Top 1 000 World Banks 2005, an annual ranking of the world’s commercial banks.
Standard Bank is now ranked No. 108 in the world, up from 116 in 2004.
The rankings are based on Tier One capital as defined by Basel’s Bank for International Settlements. The definition is more strict than total stockholders’ equity and covers only the core of the bank’s strength; the shareholders’ equity available to cover actual or potential losses.
Technorati Tags: standard bank home loans, standardbank
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