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NEW DEVELOPMENTS
the purchase price .
• Transaction costs for purchasing a new build are still cheaper compared to buying an existing property .
• Maximise potential savings on your home loan by using a bond originator as opposed to applying directly with banks to secure the best possible interest rate on your home loan .
New build plans value concentrated in South Africa ’ s three key regions
• Western Cape - accounts for more than a third at 33.7 % of the value of all residential plans passed in South Africa last year .
• Gauteng - follows closely with 30.8 %
• Kwa-Zulu Natal - has 15.6 %.
Rhys Dyer of Ooba Home loans say , “ if the recent robust rate of growth in the value of residential plans passed in the Western Cape relative to Gauteng is sustained , the Western Cape will continue to dominate the new residential housing market in years to come .”
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Real Estate Investor Magazine OCT / NOV 2023 38