Having been one of the first markets to react to the 2007 downturn in the residential property market, KwaZulu-Natal has been relatively slow to respond to the current upturn. 

Accelerated urbanisation in Africa focuses attention on property demand and development.

Foreign buyers of prime residential property have made a return to the South African market.

Looking at the international scenario while the global economic recovery remains on track, it is both fragile and uneven.

Pam Golding Properties markets new development in Wimbledon.

The Reserve Bank on Thursday kept the repo rate unchanged at 5,75% per annum amid concerns over inflation and economic growth.

Over the past 20 years, the tourism sector's contribution to South Africa's gross domestic product (GDP) has increased significantly with an average annual average real growth rate of 7.3 percent (Source Stats SA), creating jobs and generating valuable foreign currency.

Luxury homes in the R10 million and more category have led the way out of the residential property lean years, according to statistics collated by Pam Golding Properties (PGP) Western Cape.

The residential property market in key areas of the Western Cape is again approaching the levels last seen before the spectacular downturn in 2007/ 2008.

Property doyens comment on the impact the 50-basis repo rate increase will have on property.