The average age of a first-time homeowner in South Africa is 34. This is according to the home loan originator, ooba. BetterBond states that there has been a 76% approval rate from banks for bond applications in May this year. What these statistics tell us is that even amid a stringent lockdown, there is still […]
Are you frugal? Do you like to splurge? Are you a window shopper? Why do these questions matter? Well, knowing your money personality could help your property investment strategy. Today we discover three of the most common money personalities and how they can succeed within the property market. The Big Spender The Big Spender lives […]
Potential property investors assume that the most valuable property is sitting within the metropolitan areas. While this is partly true, more people are moving out of the big cities. In 2020, remote working became the norm – with businesses wondering why they ever need expensive office space. Thus, allowing people to move out of the […]
The first-time homebuyers in South Africa are largely driven by those under the age of 35 years. With some banks offering a full home loan, it’s now easier than for people to purchase their first home. As a property investor, it’s important to understand what millennials want. People often misunderstand their wants and dismiss them […]
Property investing is a skill anyone can learn. One of the benefits about owning cash flowing property is receiving a continual, passive income. Just as there are different strategies to match your investment style, there are various ways you can generate passive income through different types of investment properties. Ways to Create Passive Income By […]
With property, there are various types of investment strategies you can use and buy-to-let is one of them. Sylvia Milosevic, founder of Riches and Beyond, uses multi-lets and buy-and-sell strategies for capital growth which enable her to build a lucrative property portfolio. In order to build a beneficial investment you will require an effective strategy […]
Buying a property as an investment is different to getting it to live in it yourself. Estate agents know a lot about the property market and local activities. They play a key role in selecting and buying property for investing. As an investor, you need to take advantage of their extensive knowledge by asking them […]
What is economic recession? This term refers to an extreme weakening in the economy which affects economic activities across an entire region. A recession is characterized by slowed-down activities that are essential for economic growth. When there is a decline in employment, consumer spending and industrial production the economy is negatively affected. Home-loan Interest Rates […]
If you desire to test out a house before deciding to either buy or rent it, then a rent-to-buy property is the way to go. Definition of rent-to-buy Just as the name suggests: An owner agrees to sell their property to a tenant on the condition that they agree to sign a fixed-term contract for […]
Commercial property refers to a specific type of real estate property that is used for business activities. This definition also includes large residential properties used for rental purposes and land that is assigned for use to make profits. “The designation of a property as commercial has implications on the financing of the building, the tax […]
