Housing Affordability: How First-Time Buyers are Coping
09 Jul 2024
First-time homeownership remains a challenging goal for many South Africans, particularly the youth. Despite a brief period in 2020/21 when interest rates were cut to record lows, participation by young buyers, defined as those under 35 years old, has continued to decline steadily since 2010. This is according to insights from the latest FNB Estate Agents Survey that looks at understanding how first-time buyers are navigating a tight monetary policy environment.
Avoiding Common Pitfalls: Why Sales Fall Through After Signing an Offer to Purchase
24 Apr 2024
When sellers sign an Offer to Purchase (OTP), they often believe that the sale is secure. However, the reality is that numerous factors can cause a sale to fall through even after the OTP has been signed. Understanding these pitfalls can help sellers navigate the process more effectively and ensure a successful transaction.
Despite what many will have you believe, buying a home shouldn't feel like a daunting task despite the complexities and legalities involved. With careful preparation and consideration of the journey ahead, you can streamline the property-buying experience.
The rising cost of living and a shortage of affordable housing options have left many South Africans seeking alternative solutions to make homeownership more affordable. One increasingly popular trend is dual occupancy, where homeowners either rent out a portion of their property or co-own a property with a friend or family member.
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