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The latest data from home loan comparison service Ooba reveals that competition among the major banks in South Africa continues to surge.

Here’s the average purchase price for a house in South Africa right now Subscribe After a year of the Covid-19 pandemic, Ooba has observed changes in both consumer behaviour and lending trends, resulting in a surprising boom in the local residential property market. Rhys Dyer, chief executive officer of Ooba, predicts that the residential property market in 2021 will continue to show strong levels of activity, mostly driven by first-time homebuyers as a result of the low interest rates. Evidence of the strong activity, he said, can be seen in the volume of Ooba’s home loan applications fo...

The Zimbabwe Independent February 8, 2019 Rhys Dyer, CEO of ooba, says: “Uncertainty around impending South Africa’s land reforms as well as an increase in the prime lending rate to 10.25% in November probably contributed to the slowing property growth in the last quarter of 2018.” 2018 was a challenging year for the South African property market, with negative real price growth in the residential property market and slowing market activity. Fourth quarter (Q4) statistics from ooba, South Africa’s home loan comparison service, show minimal year-on-year gr...