JOHANNESBURG - Despite the challenges facing South Africans, recent data indicate that residential property is still being purchased, particularly in the Western Cape.
The property market has had some problems as many opt not to buy, despite a drop in interest rates.
WATCH: Property market | Homebuyers' average age continues to decline
BetterBond reported a 7.5 percent year-on-year increase in home loan applications, mostly first-time owners in the Western Cape.
- eNCA's Heidi Giokos takes a closer look.