Interest rate hikes and inflation discouraging home purchases and driving rentals - report
Property data shows rising interest rates impact affordability, forcing more prospective homeowners to rent instead.
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Property data shows rising interest rates impact affordability, forcing more prospective homeowners to rent instead.
The latest FNB Residential Property Barometer indicates that rising borrowing costs likely diverted some homeownership demand to rentals.
Home buyers are currently having to put down the smallest deposits to buy a property in about 14 years, according to the latest FNB Residential Property Barometer.
Negative equity takes place when the outstanding balance on your home loan is higher than the current market value of your property. If you wanted to
Negative equity takes place when the outstanding balance on your home loan is higher than the current market value of your property. If you wanted to