According to the FNB House Price Index, the average house price for April 2015 rose 5.0% year-on-year. Despite the nominal house price inflation slowdown, however, recent months' house prices continue to grow positively in real terms, when adjusted for CPI inflation.
The very idea of buying your first home is so exciting that buyers often do not realise what a wonderful investment they are making. According to Craig Hutchison, CEO of Engel & Völkers Southern Africa, this is the start of their financial independence. Read more in Which factors influence property values?
Families still often put homes in trusts, sometimes as part of their estate planning for their children and partly because they would like to know that if anything should happen to them in some way or another, the property is kept in safe hands, but what happens in cases where there is a split in that family or when some derision causes family members to claim what they feel is their share? Read more in If a home registered in a trust is part of divorce settlement
Thinking of buying a sectional title unit? Then Things to know before buying a sectional title unit is a must read. Mandi Hanekom, operations manager of the sectional title finance company Propell gives us a nice break down of all you need to know when buying a unit.