Although ooba’s property statistics for February indicate year-on-year growth in house prices, slower year-on-year price growth trends are emerging.

Thursday, 17 March 2016 17:57

Reserve Bank raises repo rate to 7%

The Reserve Bank on Thursday increased South Africa’s repo rate by 25 basis points to 7% per annum.

So, you’ve been thinking about getting a foot on the property ladder, but your salary doesn’t quite cover the kind of bond you’d been hoping for.

The Reserve bank (SARB) Monetary Policy Committee (MPC) decided today to hike its policy Repo Rate by a further 50 basis points to 6.75%, a move that will see Commercial Banks raise their Prime rates to 10.25%.

Property values have continued to grow in the past 12 months, with the average home price showing a year-on-year increase of just over 5% to R971 000 at the end of November, according to the latest statistics from BetterLife Home Loans, SA’s biggest mortgage originator.

Nedbank has been awarded the dual accolades of Best Retail Bank in South Africa award and Best Mortgage and Home Loans Product in Africa award for 2015 at The Asian Banker’s 2nd Annual Middle East and Africa Awards Ceremony.

Managing executive of Nedbank Corporate Property Finance, Robin Lockhart-Ross, says his credo is only to lend to 'serious' people with proven financial track records.

How appropriate are interest rate levels for the household sector?

Growth in household credit and mortgage balances slows down further.

Development Bank of Southern Africa‚ which ran a loss of R826m in 2012-13‚ has returned to profitability with a historic disbursement record.

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