South Africa's residential property market is beginning to show signs of recovery, with increased home loan applications and a gradual uptick in buyer activity pointing to renewed confidence among consumers.
According to BetterHome Group Mortgage Origination, a combination of lower inflation and a relatively stable interest-rate environment has helped support the market's rebound. These conditions, coupled with easing deposit requirements and improving real incomes, are making it easier for prospective buyers to enter the property market.
Data from the latest BetterBond Property Brief indicates a steady decline in average deposit requirements since mid-2024, by 6.7 reducing one of the key barriers to homeownership. Lower upfront costs have enabled more first-time buyers and middle-income earners to access home financing, contributing to the recent increase in applications.
