With the South African Reserve Bank’s announcement of interest rates cut of 100 basis points and earlier transfer duty exemption for properties below R1 million by the Minister of Finance, local regulations have made it attractive for first-time home buyers to enter the market.

Wednesday, 26 February 2020 20:01

No transfer duties for property valued below R1m

From next month, consumers buying property valued at less than R1 million will no longer be required to pay transfer duties, the National Treasury announced on Wednesday.

Data published by Statistics South Africa with regard to private sector-financed residential building activity (see explanatory note) showed that the planning phase of new housing improved in the first seven months of 2018, whereas the construction phase contracted.

In South Africa, 50% of shoppers see stopping for something to eat and drink as an important part of the experience when visiting a centre.

Monday, 09 March 2015 12:47

TPN launches Rental Monitor Q4 2014

2014 ended on a positive note for landlords and rental agents, with 86% of residential tenants recorded as being in Good Standing.

Over the last twenty years, the single biggest determinant of South Africa's economic growth has been global growth.

South African consumers are R1.56 trillion in debt to credit providers; and 53% of this debt is owed to the banks for Mortgages.

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