New $150 million Victoria Falls International Airport officially opens

On 18 November 2016, the new $150 million Victoria Falls International Airport officially opens its new and upgraded facilities to the world. The new airport has the capacity to handle 1.5 million passengers per annum – triple its previous volume – and is capable of landing some of the world’s largest aircraft.

The new Victoria Falls International Airport from the runway. Photo – Tami Walker
The new Victoria Falls International Airport from the runway. Photo – Tami Walker

Zimbabwean hospitality group Africa Albida Tourism (AAT) welcomes the major development, which is set to usher in a new era of tourism to the region.

“The positive impact of the new Victoria Falls International Airport will be very significant and should take the destination and region to a new level in terms of arrivals,” says AAT’s chief executive, Ross Kennedy. “The socio-economic benefits will be widespread as increased and new access drives the tourism sector’s growth with arrivals from additional source markets.”

Kennedy added that increased interest was shown in the new Victoria Falls International Airport at the World Travel Market – a major global travel trade show – held in London last week. “I met with many tour operators, media, and airlines at the show, and I can confirm that interest is very high and the travel industry is excited by the opening.

“Zimbabwe remains a ‘hot destination’ on the schedules of many tour operators across the globe,” Kennedy said.

The airport

Annajulia Hungwe, PR and communications manager of the Civil Aviation Authority of Zimbabwe, said the new airport could accommodate more than three times as many passengers as before, and had been built to accommodate further expansion should rising tourist numbers in the future deem it necessary.

The new airport in Zimbabwe’s leading resort town has been fully operational since September. The development included the construction of a new international terminal building and the rehabilitation of the existing one into a domestic terminal.

The airport features a four-kilometre runway, a state-of-the-art control tower – which is one of the most advanced in Africa – and a fire station, equipped to respond to fire and medical emergencies.

Inside the international terminal at Victoria Falls International Airport. Photo – Tami Walker
Inside the international terminal at Victoria Falls International Airport. Photo – Tami Walker

Facilities at the international terminal include 14 check-in counters, nine boarding gates, three baggage carousels, a dozen shops, two restaurants, 28 aircraft parking bays and parking facilities for 400 vehicles.

Check-in at Victoria Falls International Airport’s rehabilitated domestic terminal. Photo – Tami Walker.
Check-in at Victoria Falls International Airport’s rehabilitated domestic terminal. Photo – Tami Walker.

The domestic terminal features six check-in counters, two passenger security-screening facilities, one restaurant and three coffee shops, eight other retail outlets and a business-class lounge.

The airport, funded by a China Exim Bank loan to the Zimbabwean Government, was constructed by the China Jiangsu International Group.

Investment in residential property in SA continues to shine

To say that it’s been a tumultuous year for the planet is definitely an understatement, and yet in the face of a sluggish and uncertain domestic and global growth environment and ongoing socio-political challenges, the residential property market in South Africa continues to exhibit extraordinary resilience and remains one of the few bright spots in an otherwise relatively lacklustre economy.
This is despite five consecutive years of subdued economic growth, a severe drought and repeated bouts of rand weakness, which have ignited renewed price pressures and prompted the Reserve Bank to gradually, but repeatedly, raise interest rates before stabilising them.

Investment in residential property in SA continues to shine
The strength of the housing market is attributable to the continued vibrancy of the country’s major metro areas coupled with an ever growing preference for property as an asset class at a time of extreme financial market volatility.

However, signs are now emerging that the national housing market is beginning to lose some momentum in the face of these persistent economic headwinds.

After registering an average house price inflation rate of 5.5% last year, the Pam Golding Residential Property Index (PGP Index) reached a cyclical peak of 5.7% in March this year and now appears to be slowing.

The gradual slowdown in national house price inflation is occurring at a time when rand weakness and higher food prices have driven the consumer price index above the Reserve Bank’s 6% upper inflation target limit.

While the PGP Index has averaged 5.6% during the year to date, the consumer inflation rate has averaged 6.2% during the same period. This would suggest that, after adjusting for inflation, real South African house prices have fallen by an average of 0.6% compared to the same period last year.

However, this picture is actually misleading since the national house price index is a weighted average of house prices across the country. As a result, this national average includes a wide range of divergent performances evident in the different regions, metros, price bands and unit types – all of which make up the national housing market.

When one begins to examine the overall housing market in greater detail it becomes clear that – even though national house price inflation is beginning to slow – there are still several sectors within the local housing market which continue to flourish and register positive real growth rates.

For example, during the year to date, house price inflation in the Western Cape has risen by 10.35%. Adjusting for inflation, this translates into a real increase in house prices of 4.2% during the first nine months of the year.

Location, not economy, a key determinant of time to sell

Furthermore, the importance of location when selecting a property to purchase was highlighted by recent research released by Lightstone that revealed that the suburb in which a property is located is a relatively more important factor in determining how long a property takes to sell than the state of the economy.

To illustrate this, the Western Cape may have experienced the highest overall growth in homeowners due to the well described and most significant semigration trend, but the suburb at the top of the pile from an activity perspective is not in the Cape but in Pretoria – with homes in Garsfontein selling within 2.8-months of listing. In contrast, a property in Parkhurst typically stays on the market for 7.4-months.

Generally speaking, however, the other the major trends in the national housing market during the past nine months remain unchanged:

Western Cape property market stays on top

The outperformance of the Western Cape housing market relative to both Gauteng and KwaZulu-Natal began in mid-2013 – which more or less coincides with the start of the semigration of buyers to the Cape. Factors fuelling movement to the Cape – the appeal of a proven record of service delivery, access to excellent schooling and the attractive lifestyle – are showing no signs of slowing down. There is still real growth in the property market.

Investment in residential property in SA continues to shine
© Stephen Griffith – 123RF.com

A significant proportion of buyers relocating to the Western Cape are choosing to settle in the greater Cape Town area – which remains the top performing major metro housing market in South Africa. House price inflation in the Cape metro averaged 11.9% during the first half of the year (latest available data) nearly 5% ahead of the second strongest metro housing market of Durban.

Cape Town remains a niche property market, robust despite economic pressures. With more investment on the cards for the city of Cape Town, with projects totalling R16bn anticipated during the next few years and at least R1bn earmarked for example just for Claremont, one of the city’s commercial nodes beyond the CBD, the demand for high-end properties remains strong and above average house price inflation is likely to prevail.

The buoyant house price inflation on the Atlantic Seaboard shows no signs of abating, with top-end sectional title units being snapped up. The severely constrained supply caused by the unique geography of this market, which adds to its desirability, has resulted in unprecedented demand, which in turn continues to push up sales prices. It’s not uncommon for apartments to attract multiple offers on the day of listing and for buyers to compete for property.

The result of this pent-up demand is that, whereas in the past a sale in excess of R100,000 per square metre was a rarity, we now regularly see prices exceeding this benchmark in Clifton and the V&A Waterfront, and as a further example in the landmark Aurum luxury development in Bantry Bay sea-facing presidential apartments are selling at prices from R110,000 to an eye-watering R140,000 per square metre.

Several new upmarket residential developments in the city centre will in some part deal with the demand from people wanting to live close to the bustle of the CBD and the amenities of the nearby V&A Waterfront, Cape Town Stadium and natural attractions such as Table Mountain and beaches.

Many of these buyers are from Gauteng and KwaZulu-Natal and actively compete for the limited residential homes, which has resulted in the average selling price on the Atlantic Seaboard, for a free standing house, escalating to R14.4m for the calendar year to 31 October 2016.

With more than 7,000 people living in the city centre, the demand for inner city residential units remains high. The mixed-use 117 on Strand development is sold out, with a 40m2 studio apartment in this block selling from R2.255m, and there’s little doubt that other residential developments planned for the CBD will be as popular. People are paying up to R55,000 per square metre for an apartment in a well-positioned, sophisticated development.

Moving across Table Bay the Western Seaboard property market remains steady, with a strong demand for stock. Agents are finding the ‘push down’ effect is having a positive impact on their sales, as buyers who can’t afford property on the Atlantic Seaboard look to Blouberg and the West Coast for similar coastal living options. Three new developments, all no more than 300m from the beach, are being launched in the next six months. Sales are also robust in the South Peninsula, especially in the higher price band.

Sales trends in the Southern Suburbs remain firm as families move to the area to be close to schools and the university. Upper Constantia is performing well, especially with buyers coming from upcountry, and agents have recorded sales of R56m and upwards.

Suburbs such as Woodstock and Walmer Estate are also benefiting from the ‘push down’ effect as investors who can’t afford the Atlantic Seaboard or CBD opt for these areas where they can still enjoy the benefits of living close to the city.

In addition, Hout Bay’s residential property market has been buoyant in 2016, with the area’s total sales during the calendar year expected to near the R1bn mark.

Over and above this Cape Town metro trend, buyers relocating to the Western Cape are also settling in other urban areas such as Paarl, Somerset West and Stellenbosch, and along the coastline. This was highlighted by the recent New World Wealth report, which identified both the Garden Route and the Winelands – notably Stellenbosch, Franschhoek and Paarl – as emerging wealth towns, each with an estimated dollar millionaire population of 2,500.

The most popular towns along the Garden Route for South Africa’s ultra-wealthy, according to New World Wealth, are George, Knysna, Plettenberg Bay and Wilderness, and we are seeing this in sales results.

Pam Golding Properties Boland and Overberg regions have also performed exceptionally well over the past year, with the most notable increase in sales in Paarl and the estates of Val de Vie, Pearl Valley (now part of Val de Vie) and Boschenmeer.

There is extraordinary high demand for secure estate living with its all-inclusive lifestyle offered, from schooling to restaurants, gyms and various outdoor activities like running and cycling trails to horse riding and game viewing, all in the heart of the Winelands.

A further noteworthy trend is an ongoing increased demand for agricultural property for lifestyle as well as for commercial use. Most sought after among lifestyle buyers are small scale (8-20ha) farms in the Elgin and Grabouw valley priced between R7m and R20m, while we recently sold two commercial citrus farms just outside Paarl to the total value of R118m, and an exceptional lifestyle property in Franschhoek for R23.5m.

In Hermanus, Benguela Cove Lagoon Wine Estate offers a rare commodity along the Whale Coast – north-facing waterfront properties and luxury homes in a secure eco and wine estate with properties ranging from R2.75m to R17m.

Seafront vacant land is like hen’s teeth, compelling buyers to purchase older seafront properties and either demolish or substantially renovate, which also makes Benguela Cove even more attractive and cost effective as an option to live along the coast, between the vineyards, in a secure lifestyle estate that offers residence access to the second largest lagoon in the country for kayaking, skiing and kite surfing. This is over and above the breathtaking views, mountain biking and trail running options.

Indicative of the desirability of top end property in Hermanus PGP recently sold two luxury homes for R26m and R19m respectively.

Apart from also experiencing an ongoing trend as a result of semigration to the Western Cape, the Whale Coast towns of Hermanus, Onrus and Kleinmond are seeing an ongoing trend from buyers looking to acquire holiday homes with a view to retirement in the future.

From a greater Cape Province perspective, in Cape Town’s ever-popular Northern Suburbs demand for smaller gated community remains high. As a result of the shortage of stock in the Cape Metropole and therefore access to good schools, we have seen a higher demand for property from buyers previously looking in the Cape Metropole in the city’s Northern Suburbs such as Plattekloof, Welgemoed and Durbanville.

Massive investment underpins Gauteng housing market

But the story of the residential market this year is certainly not only about the Cape.

House price inflation in Gauteng has underperformed the national index in recent years, as the subdued economic environment takes its toll on South Africa’s industrial heartland.

But despite the relative underperformance of the overall Gauteng housing market, this region is still South Africa’s economic power-house and remains home to half of the country’s high net worth individuals.

According to the recent New World Wealth report, Johannesburg has a high net worth population – dollar millionaire population of 17,600, while Pretoria has a wealthy population of 2,600. As a result, Gauteng is home to exactly half of South Africa’s 40,400 ultra-wealthy individuals (US dollar millionaires).

In addition to being home to the largest ultra-wealthy population, Gauteng also attracts the majority of South Africa’s first-time buyers – many of whom move to the region in search of economic opportunities at the early stages of their careers.

This provides a solid underpinning for the Gauteng housing market since, even though the tough economic climate is taking its toll on household finances, first time buyers remain a significant presence in the South African housing market. According to ooba, first-time buyers remain the most significant con­tributor to home loan volumes, accounting for 53% of all ooba’s bond applica­tions in the third quarter.

Given South Africa’s relatively young population profile – with the majority of South Africans still under the average age of the typical first time buyer (34 years according to ooba) – demand from the growing number of first-time buyers will continue to provide a positive fundamental underpinning for the South African housing market for the foreseeable future.

It is this robust demand from first-time buyers which helps to explain the continued strong price performance of the lower price band (below R1m) housing market in all three major regional markets.

The dominant role of first-time buyers is also providing a key driver in the rapid transformation of South Africa’s housing market. During the third quarter of 2016, 61% of all ooba’s applications were from Black home buyers, while among first-time buyers this rose to 73% of all applications received by the bond originator.

Sectional title properties continue to outperform freehold homes

One possible explanation for Gauteng’s relative price underperformance is the fact that the region is better able to meet growing demand for new housing. Unlike Cape Town, where the geographic limits created by the coastline and mountains hamper the creation of new housing stock, creating a persistent shortage of stock in prime areas, Gauteng has been able to expand outwards in order to meet housing demand.

There are currently several major infrastructural, commercial and residential developments in numerous growth nodes such as Fourways, Midrand and Menlyn in Pretoria East, while we continue to see high levels of investment and growth in Sandton.

Secure estates such as Steyn City and Dainfern remain resilient and popular even in tougher trading conditions, while we are noting an increase in the number of renovations and rebuilds in some of the more established estates. With its convenient airport access, avoiding considerable traffic congestion, Lanseria is experiencing significant land sales.

Rapid development across Tshwane

Although house price inflation in Pretoria has slowed in the past few months, development across the Tshwane municipal region continues at a rapid pace, and many residential areas retain highly active property markets.

Easy access to amenities and a secure lifestyle are of prime importance to residents, which helps explain why townhouse complexes, apartments and homes within security and golf estates are in particularly high demand in much of the region. The rental market has continued to do well and has benefitted from an ongoing demand from corporate, embassy and foreign mission staff.

Pam Golding Properties in the Pretoria region has had a record year enjoying a 49% increase in turnover and a 42% increase in unit sales over 2015.

To meet the expected future demand for accommodation within Menlyn, one of the fastest growing regions in Gauteng, new luxury high-rise apartment developments such as Menlyn Maine Towers, the impressive residential component of the ground-breaking Menlyn Maine mixed-use development, and The Regency, are proving popular and units have been rapidly sold off-plan. Investors are being attracted by the cosmopolitan ‘work-play’ urban lifestyle that is now on offer at these developments.

Gautrain extension to spark new growth nodes

One major infrastructural investment which is likely to have a significant impact on the housing market in several Gauteng suburbs in the year ahead is the planned extension of the Gautrain.

The Sandton and Rosebank Gautrain stations have very clearly boosted the development impetus in these suburbs. Companies are often willing to pay a premium for premises near a Gautrain station, while residents are attracted by the transport alternative the service offers to Gauteng’s congested highways.

The Gautrain Management Agency is planning to extend the rail route by 150km and the Gautrain could soon extend its travelling routes to Soweto, Mamelodi and the West of Johannesburg. It is anticipated that the extension to the west of Johannesburg will have a similar impact on the local property market as was experienced in Sandton and Rosebank, with some big corporates opting to relocate there.

Construction on the new lines could start in five years’ time. In the meantime, it is estimated that 45 new train coaches are needed to keep up with growing passenger demand.

Robust activity on KwaZulu-Natal North Coast prompts housing rebound

In contrast to the cooling house price inflation in both the Western Cape and Gauteng, KwaZulu-Natal (KZN) is experiencing a modest rebound – with growth in prices rallying from 5.4% in late-2015 to a level of 7.5% in September 2016. There is no sign as yet that the rebound in prices is losing momentum.

Housing demand appears to be particularly buoyant along the northern KZN coastline, with buyers showing a strong preference for properties within secure estates. With its prime location and beautiful beaches, there is significant demand in uMhlanga – with numerous new secure estates and beachfront complexes proving to be extremely popular, with new estates like Izinga, Hawaan Forest and beachfront complexes such as the Oceans and the Pearls experiencing high demand.

Further north towards Umdloti, the new Sibaya precinct is the hotspot in KZN. Sibaya will be a controlled precinct with security, well-run retail and office components and prime residential nodes that rest above forest and sea.

The new Signature Estate promises to be the best address in KZN, with only 45 exclusive stands in a prime residential security estate with panoramic sea views and direct beach access.

The stands are selling from R4.95m up to R10.5m and people are buying from across the country, most notably Johannesburg and KZN, and we have also had foreign interest in this estate.

Major investments behind soaring North Coast housing market

Further fuelling interest from property investors on the North Coast is the in­crease in economic activity at the Dube TradePort which, together with King Shaka International Airport, forms part of the regional aerotropolis.

International travel was significantly bolstered last year by the addition to Durban’s network of four new international airlines, in addition to the daily Emirates flights and regional services to Zimbabwe, Mozambique and Mauritius.

Official statistics show that total international arrivals have risen by 60% since King Shaka opened in 2010 due to direct international flights.

To extend the transport network with the TradePort, local authorities are planning a rapid rail system which will connect King Shaka with Durban, Pietermaritzburg and Richards Bay. The increase in economic activity and improved employment opportunities generated by developments at King Shaka and Dube TradePort are undoubtedly contributing to the revival in the property market in the region.

Eastern Cape rallies as buyers relocate to South Africa’s coastline

Moving down the coast the Eastern Cape housing market has lagged behind the other major regional markets in recent years. However, much like KZN, house price inflation in the province is currently gaining momentum as massive infrastructural and property investments in the region bolster activity in the local housing market.

Nelson Mandela Bay has registered average house price inflation of 5.4% during the first half of the year, making it the third highest performing metro area in South Africa.

During the past five years, freehold properties have risen by an average of 22.1% in Port Elizabeth and 29.2% in East London.

A variety of major infrastructural and property developments are currently underway in the Eastern Cape. These include the recent announcement by the Department of Energy (DoE) that the Coega Industrial Development Zone (IDZ) would be one of the locations for a R25bn gas-to-power programme, along with the record-breaking R11bn investment by the Beijing Automobile International Corporation (BAIC) in a vehicle manufacturing plant and the ongoing development in the Bay West area. These investments, along with several other property developments in the region, are likely to significantly bolster economic activity and employment creation in the province.

The massive new wave of economic investment, coupled with a new local government, suggests that the Eastern Cape housing market will experience a renewed bout of growth in the months ahead.

As one of the least congested cities in the country and with an offering of its own version of the high quality lifestyles found in other coastal destinations, Port Elizabeth is increasingly well positioned to attract wealthy buyers from across South Africa.

Potential buyers are likely to be attracted by the opportunity to participate in the region’s economic revival and to take advantage of its relatively affordable real estate, international airport and coastal lifestyle. Local agents are already experiencing increased interest in prime properties (above R3m) as professionals relocate from other provinces.

A little further down the coast the Garden Route enjoys a steady demand which should continue into 2017 with a wide selection of homes, improved hospital and shopping facilities which makes it a perfect work-from-home lifestyle choice.

Knynsa and Plettenberg Bay and the areas through to Mossel Bay are benefiting from the push down to the coast and a sense of movement to secure locations which offer an attractive lifestyle and sense of community as well as still being reasonably priced.

In the inland regions of the country the interest in farms continues, for both lifestyle as well as commercial, while second home buys, particularly inland for weekend getaways, enjoy a slow but constant demand.

We suggest the economic drivers will emanate from the mining sectors such as coal, gold and platinum, as the job creation would bring stability and property growth to many towns inland which have been struggling.

Airbnb moves beyond just accommodation, launches Trips

Airbnb is moving beyond accommodation with the launch of Trips – bringing where you stay, what you do and people you’ll meet together in one place. The people-powered platform launches with three key areas: Experiences, Places, and Homes. Flights and Services will be added in the future.

Trips will make travel magical again by immersing travellers in communities around the world. Get unprecedented access to local passions and interests like violin making in Paris or marathon running in Kenya, discover the hidden gems that only locals know about via personal recommendations, and socialise with other travellers and locals at exciting events. Add that to three million bookable homes, and Airbnb becomes a one stop shop for travel experiences.

Having already transformed where people stay when they travel through people-powered hospitality, Airbnb is taking this same people-focused approach to the rest of the trip and, in doing so, providing a way for people to make money from their passions and interests. “Until now, Airbnb has been about homes,” said Brian Chesky, Airbnb CEO. “Today, Airbnb is launching Trips, bringing together where you stay, what you do, and the people you meet all in one place. We want to make travel magical again by putting people back at the heart of every trip.”

Experiences

Experiences are handcrafted activities designed and led by local experts – be it a single activity like a Samurai Swordplay workshop or an immersive multi-day experience like learning about and driving classic cars in Malibu. Experiences offer unprecedented access and deep insights into communities and places that you wouldn’t otherwise come across, such as Truffle Hunting in Tuscany or the grime music scene in London.

Trips launches with around 500 experiences in 12 cities worldwide, including Los Angeles, San Francisco, Miami, Detroit, Havana, London, Paris, Florence, Nairobi, Cape Town, Tokyo, and Seoul. From today, budding hosts in those and a further 39 cities worldwide can request to list their Experience.

A number of experiences will also be available where guests can give something back to communities through non-profit organisations. In Detroit for example, Khali Sweeney provides an opportunity to go behind-the-scenes at his Downtown Boxing Gym that provides local children with an after-school program of healthy snacks, homework time, and boxing lessons.

Airbnb moves beyond just accommodation, launches Trips

Places – guidebooks, meet ups and audio walks

Trips bring places to life through the people that live there, reflecting the recommendations of hundreds of thousands of Airbnb hosts, neighbourhood-insiders and local influencers and is an alternative to aggregated tourist lists that funnel people to the same places.

With Insider Guidebooks, Airbnb has identified cultural experts and neighbourhood insiders to recommend the hidden gems within their city. Find the perfect run from a marathoner, the best dive bar from a local mixologist and the next great undiscovered restaurant from an up-and-coming chef. 100 Insider Guidebooks will be available at launch in six cities – Los Angeles, San Francisco, Havana, Nairobi, Detroit and Seoul – with more coming soon.

As well as Insider Guidebooks, Places includes over one million individual recommendations worldwide from Airbnb’s home hosts, recommending their favourite hidden gems in their neighbourhoods, from cafes and restaurants to parks and other local attractions. A partnership with restaurant booking platform, Resy, will make it possible for people to book tables at great local restaurants directly through the Airbnb app.

Airbnb has also struck an exclusive partnership with Detour to offer access to amazing experiential audio walking tours allowing people to discover neighbourhoods in a totally unique and authentic way. At launch, audio tours will initially be available for Los Angeles with San Francisco, Paris, London, Tokyo and Seoul to follow by Spring 2017.

With Trips, Airbnb also wants to make travel more social, helping connect the thousands of Airbnb users in a city on any given night. Meet ups within Places will let local businesses host one-off or regular events for Airbnb guests and locals to connect with each other.

Homes

With three million homes available to book across 191 countries, Airbnb offers the largest and most diverse range of unique accommodation options for travellers which will now be available to book alongside Experiences in available cities.

Making travel easy

Booking travel today can be complicated and stressful. With Trips, Airbnb aims to make it easy with one app to book most of your travel needs. Trip Itinerary is a new feature that brings together everything the traveller needs to know into one simple timeline, with the ability to easily book and add Experiences or things to do. Over time, this capability will evolve based on machine learning to dynamically suggest personalised and contextual, i.e. based on location, recommendations during a Trip. Airbnb’s vision is to ultimately cater for every aspect of a trip, making it both easy and magical from start to finish.

Identity Authentication

The launch of Trips also sees the introduction of a new identity authentication process that the Airbnb Experiences Community will be using. Hosts and guests will be asked to scan an official government ID (for example a passport, or driving license) and then take a simple selfie. After the ID is authenticated, the ID and selfie will be reviewed to confirm that both pictures appear to match. Having a more robust standard of authenticating identity will make the Airbnb community stronger and reaffirms Airbnb’s ongoing commitment to authenticity, reliability, and security.

This new identity authentication step is required for all Experiences users and is also currently being tested for home bookings. Trips also leverage Airbnb’s existing Trust & Safety measures including a 250+ person global 24/7 support team, secure payments, messaging, profiles and reviews, and a new $1 million liability insurance program for eligible Experience hosts.

Fast Cash – Online Cash Advance Loans – Convenient Way Out to Deal With Cash Shortages

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Payday Loans – Fulfill All Your Needs With Cash From Online Cash Advance Loans

At times it might happen in your life when there is no cash in your hand, your pockets all empty in that case it turns out to be extremely crucial to have ready money to play with, so that you can fulfill all your needs easily with the help of ready money. To cater to this demand there is now a new product in the financial market and these are called cash advance loans. These loans are short term loans used for urgent situation where the applicant can obtain the fast cash easily and can prevail over short term financial crises. With the help of cash advance loans you can avail fast cash right away. To get the fast cash advance loan it is essential for you to meet a few requirements laid down, by several lenders. These include, you should be the citizen of US having a legal social security number; you should attain the age of 18 years or above before you apply; you should have an active bank account in US; you should have a stable job and earning steady wages of $1000 or more. If you meet these few requirements you can easily get these fast cash helps even if you have a bad credit record and pending judgments against you. The cash advance lenders consider only your ability to repay the loan amount which you easily can if you are presently employed as stated above. These loans are as well called payday loans and just like the name indicates, you can obtain the cash to fulfill the emergency financial requirements and can help meet the everyday cash expenses. By means of these loans you can settle your debts, credit card due, pay utility bills, urgent car repairs, medical bills, and so on. There are several other expenses that require urgent resolution for instance grocery bills, urgent home repairs, school fees, debt consolidation, home rent or mortgage payment, urgent trip, and all that. The amount you get through these loans is often from $100 to $1500 which is more than enough to meet with the above stated needs. As stated before the lenders do not bother about your credit record and do not dig into your history by performing credit checks, cash advance loans are as well for bad credit holders. They are as well tolerable with a few the bad records like debts, non-payments, insolvency, delayed payments, foreclosures, and the like. Payday loan lenders will certainly approve the loan application of such individuals. Online application process can offer you hassle free fast cash. The entire process is small involving a single, easy to fill in online form. It is the best way to get some fast money with absolutely no hassles. Once you have submitted the online loan application the lender approves the loan within minutes deposits the cash directly in your bank account within 24 hours. It is indispensable to pay back the loan amount along with lending fee promptly as it will improve credit record. Given that there is no collateral involved to secure the loan and since these loans are unsecured lenders often charge higher interest rate for the risk they take. Published at: https://www.isnare.com/?aid=499942&ca=Finances

Payday Loans – Short Term Fast Cash Loans – Getting Cash in a Jiffy

Short term small cash loans are making their mark in the recent financial situation of the nation. At present, people are not looking to accomplish their long term needs and are just paying attention to save more for the future. That’s why; much more is anticipated from the payday loans. This means that, at present the short term small expenditures that show up on a regular basis every month is receiving more awareness and payday loans are helping out to a large extent in dealing with those expenses on an excellent terms. In keeping with the advantages decided for the people who rely on payday loans, the service is provided for a short term. This indicates that the fast deals are guaranteed. If the loan is provided for the short term expenditures that suddenly crops up, in that case it has to be provided on a fast pace given that the expenditures on such a small term as well incurs late charges and fine. For this reason, this difficulty is resolved by the payday lenders to large extent. Adding further speed to the process is the fact these are small cash loans that offer cash that ranges from just $100 to $1500. Besides, the short term as well favors the people given that with this service, an individual has to pay off the entire amount overdue within the period of 7 to 21 days. This denotes that a person gets the option to divest himself of all the arrears in a short period, as a result of which he can save more in the future. Evaluating the recognition of payday loans, the lenders have as well turned up with a few other attributes to draw as many clients as they are able to. To begin with, the feature of no credit checks is getting prominent among these service users. With this feature, the lenders do not perform a check over the credit record of a person, because of which a great deal of time is saved in the process and an individual with bad credit record as well can avail the cash help of an adequate sum of loan. Next, there is no demand for collateral from the payday loan lenders to secure the loan this further accelerates the entire process as there is no need of lengthy appraisals and their fees. Payday loans are offered by the lenders on the repayment capacity of the borrower and not on their past credit record. So, even people with bad credit record and people living in rented homes and non property owners as well can avail this facility. One more feature that has been added recently is that the individuals in need do have to fax any paper or documents so the borrowers do not have to go through long faxing process, which as well brings down the time between the application and actual receiving of funds. Apart from these, there are a number of other advantages entailed in the process which provides somewhat more simplicity by means of payday loans. Published at: https://www.isnare.com/?aid=550086&ca=Finances

No Credit Check Fast Cash Loans – 3 Things To Know About Cash Advance Loans

For people who work with a tight monthly budget, even the smallest financial emergencies can seem like full-blown disasters. It’s hard to pay for an unexpected increase in utility bills or for unforeseen home repairs – especially if you live from paycheck to paycheck. To make ends meet, you may need to apply for a cash advance loan. This is a common solution, since most banks and other financial institutions grant these types of loans. A cash advance can make things easier for you if you know what you’re getting into. Here are 3 important things you need to know while applying for a cash advance loan: Know what a cash advance loan is A cash advance is a short-term loan ranging from $100.00 – $1000.00. The loaned amount depends on your paycheck – the larger your paycheck, the larger your possible loan amount. Because of its nature, this type of loan cannot be used for big purchases such as cars or large-scale home improvement projects. Also, lenders often expect you to repay your cash advance upon the arrival of your next paycheck. Ensure that your budget allows you to repay your loan as well as allocate enough for your regular expenses. Maximize your online resources Several websites offer various tools and resources that will help you make an educated decision about applying for a cash advance. Most loan-related websites have loan calculators that help you compute the cost of your repayments. These special calculators factor in your loan’s interest rates, allowing you to find the most affordable loan. Online articles are also available, keeping you informed about the latest trends in the loans market. You don’t need to be the “ideal” borrower to get an approval With a payday cash advance loan, your credit will not be pulled, so it makes no difference whether you have good or bad credit. The loan is based on your ability to repay quickly, your employment. Keep in mind that you should fill out your application accurately and that you must submit all required documents. With these three things in mind, you’ll be able to maintain confidence and optimism when working on your loan application. Published at: https://www.isnare.com/?aid=29381&ca=Finances

Payday Loans – Online Cash Advance Loans Safe and Easy Way to Get Fast Cash

There are several explanations on why getting an online cash advance payday loan is a excellent idea. Regardless of what your need for the cash are, you can obtain these small cash advance loans online swiftly and with no trouble. Payday loan applications are very easy to fill in, and you will learn if you are approved for the loan within few minutes. You can meet the requirements for a loan of $100 to $1,500, and be out spending your cash within 24-hours. To get your finances back on course, submit an application for your personal cash advance loans and be prepared to spend it your cash on utility bills, credit card dues, car repairs, medical bills or gifting someone special. You might have credit card dues or monthly mortgage payments that are to be settled instantly to save on those hefty late fees; however you don’t have the money to settle it. By means of a payday cash advance loan, you can swiftly and without difficulty pay off any bills that are chasing you. Given that an online cash advance lender transfers the cash directly by electronic means into your checking account, it is a great deal easy to get hold on your cash the moment the cash is transferred. It is absolutely secure to submit an application online for a cash advance loans. The details you provide are stored in encrypted servers with the intention that your details are absolutely safe. You on no account will have to be anxious on your personal details being sold to a different business, stolen or misused in any fashion. Payday loan lenders work as securely as they can probably be, and will take all the required steps to preserve it in that manner. As soon as you submit an online application for a loan, there are no long-term obligations that you need to make because a payday cash advance is just for 7 to 21 days or until your next payday when your paycheck is credited. On the other hand, if you opt for a bank loan, you are locked into a loan for a year or more most of the time, however with a cash advance from a short-term loan lender you just have to wait until next payday to get freed up. They are quick and simple and ideal for a short term answer to a cash emergency that might crop up. Don’t accede to cash problems getting you down. You can find the ready money that you are helpless without by submitting an application online for a loan, and you will be keen on how quickly and easily you get it. In view of the fact that these loans are unsecured loans, the lenders do charge very high interest rates, then again, you by no means have to be scared of how bad your credit score is to get one. In addition, no documents to fax in and no lengthy formalities to bog you down, you can obtain a fast cash advance payday loan right away! Published at: https://www.isnare.com/?aid=476175&ca=Finances