Welcome to the 1st Tivvit Newsletter edition of 2016! We hope that most of you enjoyed a well deserved break and are ready to take the new year by the horns.
The latest ABSA Housing Review predicts mortgage interest rates to hit 10.25% by the end of 2016. Add to this consumer price inflation (forecast to increase from an average of 4.6% to 5.7% in 2016) and low economic growth thanks to a struggling global economy, it looks set to be a pretty tough year for property owners and buyers alike. Read more in Difficult year for property owners predicted
Amidst glum economic reporting currently marking all media headlines, the growth of house prices continues to beat inflation and the demand for homes still exceeds the supply in South Africa’s major metropolitan areas, read more in S.A Property market still beats inflation
In Here’s how to beat the interest rate blues Shaun Rademeyer, CEO of BetterLife Home Loans, explains that with interest rates set to rise, it does not necessarily mean that it is a good time to run to your bank and try to fix the interest rate on your home loan.