Latest News & Developments
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.
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,
NSFAS calls on accommodation providers to collaborate in supporting students as it announces improvements to the accommodation claims process.
Given the recent Budget's impacts on South Africans plus unchanged interest rates, consumers are in for a hard time.
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.