Property statistics for the second quarter (Q2 2018) released by ooba, South Africa’s leading home loan originator, indicate that banks remain positive about the home loan lending environment despite continuing negative real growth in average property prices nationally.

Banks are showing an increased appetite to lend according to first quarter (Q1 2018) property statistics recently released by ooba, South Africa’s leading home loan originator.

ooba’s first quarter 2015 results show slowing growth in property prices, but positive trends in home loan lending conditions.

Year-on-year property statistics released by ooba, South Africa's largest bond originator, signal a favourable outlook for the South African property market in 2015.

Latest oobarometer reports that the average purchase price of homes in South Africa has gone up 5,2% year on year

This represents the fifth consecutive month that the oobarometer has shown a rise in house prices and it is the biggest increase within that period.

“The September oobarometer continues to reflect an improvement in year-on-year house prices,” says Saul Geffen, chief executive of ooba. “This is the fourth consecutive month that the oobarometer has reported rising house prices and is clear evidence that the market is on the road to recovery.”

The August oobarometer price index recorded an increase in year-on-year house prices of 6.9% along with a number of signs signalling improvements for the sector.