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Friday Feb 03, 2012

'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.

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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.

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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.

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