Real Estate Investor Magazine South Africa April/May 2019 | Page 29
UNITED KINGDOM
RESIDENTIAL
Partnering with Sentinel
Homes bond originators
ooba and BetterLife Group
have recently extended their
range of home financing
options to better meet the
needs of people who struggle
to obtain home loans from
banks.
‘The alternative financing
option from Sentinel Homes
enables ooba to offer home
buyers who do not qualify
for a conventional home loan
another financing solution,’
said Rhys Dyer, CEO of ooba,
one of the largest South Af-
rican bond originators. ‘This
makes home ownership more
accessible.’
Despite the notably slower
market above R20 mil-
lion, the Cape continues to
achieve the highest overall
prices in the country. Samuel
Seeff, chairman of the Seeff
Property Group says that
the economic downturn has
affected the various sectors
of the property market in
different ways. While the sub-R1.5 million
(below R3 million in the
luxury areas) price band re-
mains fairly active, there was
a notable slow-down in R20
million-plus value sales as
buyers take time out and wait
and watch as things unfold in
the country, he says.
Another thing Capetonians
beat Joburgers at: sitting
in traffic. According to the
INRX Global Traffic Scorecard
which analysed congestion
and mobility trends across 38
countries, Capetonian lost on
average 162 hours to traffic.
Johannesburg ranked 61 with
119 hours lost, compared to
Cape Town’s ranking of 95. But it could be worse: Bogota
drivers in 2018 lost 272 hours
due to congestion, more than
any other city in the world.
SA Real Estate Investor Magazine APRIL/MAY 2019
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