Tuesday, December 10African Digital Business Magazine

Tag: Angola Property market

Real Estate, South Africa News

Increased competition and bond switching set to shake up the SA property market

As interest rates remain stable against the backdrop of a challenging economic climate, banks are being pushed to innovate and offer more competitive home loan terms to attract customers. This environment has given rise to a practice widely adopted in the UK but is yet to reach a tipping point in South Africa: bond switching. Clive Bredenkamp, IT Executive at Proptech specialist e4, explains the potential shifts: “The property market is inherently sensitive to interest rate changes. While the rates are currently only marginally higher than in 2019, the market’s response to the current interest rate has been disproportionately severe due to the very low rates we experienced during the pandemic. However, with new players entering the market and offering up to a 1% discount on interest rates...
AngoCasa Unveils Latest Collection of High-End Real Estate Opportunities in Angola: Exploring the Property Market and Its Growth
Angola News, Real Estate

AngoCasa Unveils Latest Collection of High-End Real Estate Opportunities in Angola: Exploring the Property Market and Its Growth

In 2021, Angola emerged from five years of recession. The business environment in Angola records significant improvements since 2018, becoming a key factor to attract new investments and the return of big multinational companies. Furthermore, earlier this year Nigeria lost its crown as Africa's largest crude producer as Angola surpassed the country for the first time in more than five years. The behaviour of the economy and the housing market often mirror each other. In 2017, prior to the recession, Angola's capital Luanda ranked as the world's most expensive city for expats, ahead of cities like Tokyo, Zurich, Singapore, and the capital's real estate prices ranked highest in Africa and among the top worldwide. Meanwhile, in recent years property prices have plummeted and now offers imme...