South africa mortgages
South africa mortgages. Citymark has defined affordable areas as those where the average property value is less than R500 000. For more detail on this approach, see. The essential difference between these two tranches relates to the target market they served and the average loan size involved.
For FSC loans the target market was defined as those households earning up to R7 500 per month in 2004 indexed to CPI. In 2008 the upper threshold was R9670. For affordable market loans the income threshold was increased to R15 142 in 2009.
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Gallery of South africa mortgages
