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
Suicide is prevalent among business owners - insurance advisor

Suicide is prevalent among business owners - insurance advisor

Karina Namhing, Director at Nam Inc analyses the reason insurance companies are reporting high suicide rates in 2016.

Why documentaries still matter

Why documentaries still matter

Movie Producer and long-standing industry member, Anant Singh speaks to 702's Sizwe Dlomo about the relevance of factual content.

Overbooking issue should have been resolved at the gate - airline expert

Overbooking issue should have been resolved at the gate - airline expert

Following a video that's been making the rounds online 702's Gugs and Sizwe ask if airlines are allowed to overbook.

Waste pickers don't realise they're  saving the planet

Waste pickers don't realise they're saving the planet

Clinical Psychologist, Naledi Mqhayi explains the psychology behind people not recycling.

Eight suspects apprehended with the help of Dorljota Taxi Association

Eight suspects apprehended with the help of Dorljota Taxi Association

Eight people involved in the killing of three people betwen Leratong and Lenasia, west of Johannesburg.

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
6 ways the new UIF bill benefits workers

6 ways the new UIF bill benefits workers

The broadened bill will see those who lose their jobs receive money for a longer period when they apply for unemployment benefits.

It's not the end of the road... Top tips to improve your matric

It's not the end of the road... Top tips to improve your matric

"Recognise that it’s not the end, it’s the beginning." Expert advise for school-leavers who want to improve their results.

‘My worst fear is being 80 years old and poor’ – famed actor Dr. John Kani

‘My worst fear is being 80 years old and poor’ – famed actor Dr. John Kani

"My earliest memory of money is my father saying, ‘Why do you want to do this thing? How are you going to feed the family?'"

NSFAS to reopen 2017 applications

NSFAS to reopen 2017 applications

National Student Financial Aid Scheme says it will reopen 2017 loan applications after receiving requests for deadline extension.

'Collect experiences, NOT possessions!' - Paul Theron (Vestact MD)

'Collect experiences, NOT possessions!' - Paul Theron (Vestact MD)

Bruce Whitfield interviews the razor-sharp tongued Vestact MD Paul Theron about his money hopes, fears, successes, failures, etc.

3 easy questions could bag you R2000!

3 easy questions could bag you R2000!

WIN R2000! But only if you can prove you're a whiz of the MTN Biz Quiz by answering the following three questions...

Blesserfinder: Matching you with a sugar daddy near you

Blesserfinder: Matching you with a sugar daddy near you

Is social trend Blesserfinder, where girls are allegedly matching up with rich 'benefactors' in exchange for sex, a real thing?