property prices on Homeloans SA

Tag Archive: property prices

Median House Prices Down 4,6% for October

Filed Under: News - Published on November 6, 2009

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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http://bit.ly/4wA9q2

2010 Predicted to be a Good Property Year

Filed Under: News - Published on October 27, 2009

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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http://bit.ly/4G6RKi

Property Prices set for Quiet Year Ahead

Filed Under: News - Published on June 30, 2009

11 January 2007

Property owners may have to wait until next year for the residential market to pick up again and deliver stronger growth, the latest Absa house price index released yesterday suggests.

The declining price growth trend, which has been the main feature of the market for the past year, will be further entrenched this year on the back of a tighter economy.