Friday April 3, 2020

People want to buy houses, but new rules make it harder

Supply constraints having an impact on the market

3rd January, 2016
People always have a dream home in mind Picture: iStock

The property market witnessed many changes in 2015, among them the withdrawal of the Capital Gains Tax (CGT) benefit and the introduction of the Central Bank lending rules.

The beginning of 2015 saw healthy activity levels as contracts that were signed pre December 31, 2014, before the CGT benefit deadline closed, were finalised and there was an urgency to purchase by those who had pre-Central Bank lending rule approvals. But by the summer, most of these...

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