Tag: ooba Group

Property technology (commonly known as proptech) is on the rise globally. The escalating significance of proptech within the industry is underscored by its staggering projected market value - poised to reach $86.5 billion by 2032.

For those who have just won the Lotto – or in a more likely scenario – are exceptionally good at saving - choosing to buy a home in cash can have its advantages. However, this option also means forgoing tax benefits, and tying up a substantial amount of hard cash in a fixed asset for a long period of time.

As interest rates continue to rise, it is more important than ever to put down a deposit on your new home to keep your monthly bond repayments down. Inflation in South Africa rose to 5.9% in April 2022 and by the end of May, the Reserve Bank’s Monetary Policy Committee increased the repo rate by 100 base points to 4.75%.

We have partnered with the National Housing Finance Corporation (NHFC) to make the dream of home ownership a reality for first-time homebuyers who may not have been able to attain a home loan in the past. This has been made possible through the government introduced Finance Linked Individual Subsidy Programme (FLISP) that looks to close the ‘gap’ in the homebuying market.