Wicked Pickel
With recent report from the Reserve Bank, it would seem at last that a small but welcome breathing space is forthcoming, with inflation expected to remain below 4 % for the next quarter due to the strength of the rand.
Hopefully we will receive a much welcome interest rate cut in September, which is certainly a most positive sign and welcome for all home owners and new buyers. Taking into account that inflation coupled with a weak demand globally and locally, along with the improvement in the rand, it follows that there should be no reason for the MPC not to cut interest rates in September.
There seems to be a very positive “air” about our new South Africa, after the successful World Cup, which as a “Founder Member” of “Proudly South African”

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Link: http://www.property24.com

Property investors are making use of deposit guarantees as an alternative to cash deposits.

In a statement on Tuesday, Lombard Insurance said property investors were understandably loath to liquidate their investments merely to finance the deposit on a property purchase.

This had resulted in alternatives and interim finance mechanisms such as deposit guarantees which replaced the cash deposit required between signing a sale agreement and the payment of a purchase price of a property.

According to Antony Solomon of Lombard Insurance, one of the benefits of deposit guarantees was the ability they afforded residential buyers to purchase homes immediately after the sale of existing properties.

"Buyers don't have to wait for the proceeds of the sales before they can put down deposits on their new properties."

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