Finance Minister Tito Mboweni has provided some relief to prospective buyers looking at investing in South Africa’s property market via SABCNewsOnline
delivered on Wednesday afternoon, Mboweni adjusted the threshold for transfer duties, with zero-duty payable to properties valued at under R1 million.
Growth Head at FNB Home Finance Buyisile Maseko says this move will positively impact prospective buyers and help encourage home ownership in South Africa. Chief Executive Officer of Pam Golding Property Group Dr Andrew Golding has lauded the Finance Minister’s efforts in making it easier for first time home buyers to now afford housing.
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