'Most households can't get a property mortgage'
About 83% of the nearly 14 million households in the country do not earn enough to qualify for bank housing loans, according to the latest SA Survey, published by the South African Institute of Race Relations (SAIRR) last week.
[Read More]Posted at 08:45AM Feb 03, 2012 by Editor in Home Loans | Comments[1]
Absa: Real property prices fall
House prices, in real terms, i.e. after adjustment for the effect of inflation, are set to deflate further in 2012, based on expected low nominal price growth and headline consumer price inflation to remain above the 6% level according to Absa Home Loans.
[Read More]Posted at 08:41AM Feb 03, 2012 by Editor in Market | Comments[2]
Brakes placed on KZN roads as funds dry up
We've run out of cash, is the message from the Kwazulu-Natal Transport Department to consultants and contractors as it called an immediate halt to major road infrastructure projects in the province.
[Read More]Posted at 08:12AM Feb 03, 2012 by Editor in Cities and Towns |