Further repo rate cut would have provided relief for economy and boosted housing market, says Dr Andrew Golding
Further repo rate cut would have provided relief for economy and boosted housing market, says Dr Andrew Golding.
Has Covid-19 triggered a fundamental shift in SA’s housing market?
So asks Dr Andrew Golding, chief executive of the Pam Golding Property group.
Home buyers responding to interest rate cuts, says Dr Andrew Golding
The further reduction of the repo rate by 25 basis points to an all-time low of 3.5% takes the prime interest rate down to 7%, says Dr Andrew Golding, chief executive of the Pam Golding Property group.
Lockdown and low interest rates drive huge growth in home loan applications
The second quarter of 2020 (Q2 20) commenced with two months of lockdown for the real estate industry.
Infrastructure development, including public-private partnerships, a key component in the Supplementary Budget 2020
Against the backdrop of ongoing measures to address the Covid-19 pandemic in South Africa, the Supplementary Budget 2020 highlighted several key aspects, says Dr Andrew Golding, chief executive of the Pam Golding Property group.
Repo rate reduction further incentive for savvy home buyers
In the midst of a rapidly contracting economy in limbo under an extended lockdown, today’s (21 May 2020) announcement of a further reduction of 50 bps in the repo rate will have a positive effect on the residential property market, albeit deferred until potential buyers can begin transacting in earnest, says Dr Andrew Golding, chief executive of the Pam Golding Property group.
Covid 19 – what comes next for the residential property market
With the first quarter of 2020 (Q1 20) ending only five days into the Covid-19 national lockdown, the statistics and trends analysis released by ooba home loans, South Africa’s foremost home loan comparison service, depicted an ideal environment for homebuyers.
Timeous reduction in the repo rate – property stands the test of time
Against the backdrop of the unprecedented times we find ourselves in, today’s (19 March 2020) decision by the Monetary Policy Committee to reduce the repo rate by 100bps is a critical step towards financial survival.
Adjustment in transfer duty threshold a welcome move, says Dr Andrew Golding
Apart from the tax reprieve announced by Finance Minister Tito Mboweni in the National Budget, with no major tax increases and even personal income tax relief across the board.
2020’s favourable buying and lending conditions will encourage first-time buyers
Fourth quarter (Q4 19) statistics released by ooba, South Africa’s leading home loan comparison service, show minimal growth of 1.8% in the Average House Price year-on-year from Q4 18 to Q4 19. The Average Purchase Price of First-time Buyers performed marginally better, up 2.5% for the same period.
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