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Surge in rental demand: South Africa's property market hits highest levels since 2018
The ‘rental’ asset class is said to be growing nationally.
Crisis: Young South Africans can't afford homes as first-time buyer age soars to 37
If affordability challenges persist and younger buyers are locked out of the property market, the country risks increased pressure on rental markets, less long-term wealth generation among youth and potentially a shrinking base of future homeowners.
South Africans need more than just improved salaries to get onto the property ladder
Many South Africans are adopting a wait-and-see attitude in an uncertain environment, with multiple headwinds. This means salary earners might opt to be conservative and keep on renting as opposed to buying a property,
Employees need at least 5% salary increase just to maintain spending power - tax expert
Given the recent Budget's impacts on South Africans plus unchanged interest rates, consumers are in for a hard time.
BUDGET 2025: transfer duty threshold increase good news for buyers, VAT increase not
A mixed bag for property and a warning that an increase in VAT will impact already cash-strapped consumers, particularly those who can ill afford it.