Who is buying SA’s for-sale homes
Mortgage extension surges on a second wave of demand, as wealthy South Africans in search of bigger and better-equipped homes ‘buy up’
23 September 2021 - 05:00
It’s hard to believe, but sky-high unemployment levels and stretched household balance sheets have not yet curbed home buyers’ rampant appetite for debt funding.
New credit extension data shows that mortgage lending accelerated by 7.2% in July year on year — the fastest pace in 12 years (since May 2009)...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.