Money Matters: Why it is so difficult for young people to buy property

The best property advice for young South Africans at the moment is to stay with family to rent property.

This is according to Igshaan Higgins, Attorney at De Klerk & Van Gend Attorneys, as it becomes increasingly difficult for South Africans who are under the age of 40 to buy property.

It has recently been suggested that the average first time property buyer in South Africa is now in their early forties.

Higgins spoke to #NightTalk's Gugs Mhlungu to contextualise the difficulties of buying property in South Africa today.

Listen to the conversation below:

In 2014, the Minister of Human Settlements was adamant that government won't give free housing to people under the age of 40. That leaves out a huge chunk of people that will be recipients of free housing

Igshaan Higgins, Attorney at De Klerk & Van Gend Attorneys

When young people go to banks, there is a lot of issues they need to get around when buying a house

Igshaan Higgins, Attorney at De Klerk & Van Gend Attorneys

Even the rentals at the moment are becoming astronomical

Igshaan Higgins, Attorney at De Klerk & Van Gend Attorneys

Are there any young people earning 40 000 rand per month, to afford a million rand house?

Igshaan Higgins, Attorney at De Klerk & Van Gend Attorneys

Single story housing is becoming a problem. Cities should cut the red tape for creating two and three story housing

Igshaan Higgins, Attorney at De Klerk & Van Gend Attorneys
Read More
How to combat South Africa’s sugar diabetes problem

How to combat South Africa’s sugar diabetes problem

Dr Sundeep Ruder says 3.85 million people have diabetes in the country and many of these cases are undiagnosed.

Political analyst calls for calm, 'ANC NEC meeting not about outcomes'

Political analyst calls for calm, 'ANC NEC meeting not about outcomes'

Dumisani Hlophe, political analyst, says sometimes it’s not about the outcome of the debate, but about the significance of it.

Grooming pains: The price of grooming your body hair

Grooming pains: The price of grooming your body hair

Clinical sexologist Professor Elna McIntosh describes the delicate grooming issues people encounter to look good.

For sale: Gauteng government owned property

For sale: Gauteng government owned property

Gauteng Infrastructure Development MEC Jacob Mamabolo describes the provincial government's plan to sell properties it owns.

"Twins are never identical" - Vivienne Lewin

"Twins are never identical" - Vivienne Lewin

Vivienne Lewin helps Gugs and Sizwe to understand the bond twins share with each other.

Solving global housing challenges

Solving global housing challenges

Aromar Revi from the Indian Institute for Human Settlements joined John in studio ahead of his public lecture at UCT, to talk about global housing challenges.

Popular articles
Vaal Dam about to reach 100% capacity

Vaal Dam about to reach 100% capacity

A few months ago the dam was only 27% full.

Confrontations between Somalis and locals, police fire rubber bullets

Confrontations between Somalis and locals, police fire rubber bullets

The #ForeignerMarch has turned violent. Police had to use stun grenades and rubber bullets to disperse the crowd.

Mashaba says violent Jozi@work protests in Joburg Council orchestrated by ANC

Mashaba says violent Jozi@work protests in Joburg Council orchestrated by ANC

Joburg mayor Herman Mashaba has condemned the violence in the strongest possible terms and says he will lay charges.

New transfer cost threshold an unwise move - property expert

New transfer cost threshold an unwise move - property expert

What does the Finance Minister's announcement on transfer duty threshold really mean for home buyers?

'Engrish' never loved us: 30 words listeners struggle to pronounce

'Engrish' never loved us: 30 words listeners struggle to pronounce

Worcestershire or "Wooster" sauce? The Queen's language can be over-rated and hard to get right! Listeners chuckle at themselves.

Does God exist? A debate

Does God exist? A debate

Eusebius McKaiser hosted a heated debate on God's existence with atheist Jacques Rousseau and believer Mahlatse Winston Mashua.