Double-digit growth in new housing planned in 2014, with the construction phase contracting from the previous year.

Growth in household credit and mortgage balances slows down further.

Growth in the planning phase of residential building activity continues, but the construction phase contracts unabatedly.

The FNB/BER building confidence index gains four points to 45 in the third quarter‚ indicating the sector is starting to turn itself around.

Planning phase of residential building activity showed double-digit growth in the first half of 2014, while construction contracted.

The planning phase of residential building activity in the South African market for new housing, as reflected by the number of building plans approved by local government authorities, recorded relatively strong growth in the first five months of 2014 April 2014 compared with the corresponding period last year.

The Reserve Bank's Monetary Policy Committee (MPC) has left the repo rate unchanged at 5.5% per annum.

Vukile Property Fund has further demonstrated its commitment to maintaining and enhancing the value of its portfolio by investing R2.9 million in the refurbishment of its East London flagship property, Sanlam Business Park, a fully tenanted, upmarket, four-level building situated in Vincent, East London.

Wednesday, 12 February 2014 10:25

Absa housing review for first quarter 2014

The South African economy is estimated to have grown by less than 2% in 2013, with third quarter growth recorded at a seasonally adjusted annual rate of only 0,7%.

The number of new housing units for which building plans were approved increased by only 0,5% year-on-yea

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