Property Values
When it comes to long-term wealth building, property investment remains one of the most reliable and accessible strategies—especially in South Africa where demand for rental housing continues to grow. One powerful approach to property investment is using rental income to cover your bond and related costs, a model that, if planned carefully, can generate wealth through both cash flow and capital appreciation.
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It’s no doubt that 2023 was a tough year for real estate - unfavourable selling conditions, characterised by diminished affordability and tighter lending standards, have caused many homeowners to re-evaluate their decisions.
The current economic climate in South Africa has many prospective and current homeowners worried about rising interest rates and the cost of living, and applying for a bond may seem like something only a select few can afford to do.
Many homeowners don’t understand the difference between a market value and a bank value. This is particularly important when a homeowner wants to refinance a property that was previously unbonded, or paid off.
It can be a shock when the bank valuation comes in below the market value they had already assessed in their head. So, why does this happen? How can two “values” be so different for the same property?
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