South African Homes Are Selling Faster Despite High Interest Rates
Higher borrowing costs were expected to slow the housing market—but buyers aren't backing down. Homes across South Africa are now selling faster than they were just months ago.
Category
Published stories attached to the Market news category.
440 items
Page 44 of 49
Higher borrowing costs were expected to slow the housing market—but buyers aren't backing down. Homes across South Africa are now selling faster than they were just months ago.
Property fires in Bulawayo have surged 60% this year, with ageing electrical systems emerging as the biggest threat. City officials warn that poor wiring, overloaded circuits and weak safety compliance are putting homes and businesses at growing risk.
Tanzania’s mortgage market grew nearly 11% year-on-year despite relatively high lending rates. Rising housing demand and steady economic growth are helping drive expansion across the sector.
As temperatures drop, everyday heating methods are becoming a major danger in South African homes. Authorities warn that preventable fires and carbon monoxide incidents are claiming lives and destroying property.
A new wave of organised crime is hitting South African households. Criminal syndicates are now targeting specific high-value items that many homeowners don’t even realise are at risk.
South Africa’s richest man has come out on top in a fierce boardroom fight over a R2.3 billion Stellenbosch property deal. The dispute, which broke down a long-standing friendship, has now been settled in his favour.
A Hillcrest home has been frozen after investigators linked it to a multimillion-rand UIF relief fraud scheme. Authorities say the property may have been bought using funds meant for pandemic worker support.
Your home could be transferred to someone else without your knowledge. Experts warn title deed fraud is becoming a growing threat, with criminals using forged documents to steal and even sell properties.
Kenya’s property market is expanding fast, but still lacks structure in key areas like financing, data, and regulation. South Africa offers a more mature blueprint that could help Kenya build a more stable, investment-ready sector.