FNB Commercial Property Finance alongside partners Kiron Projects launched the Windmill Park Project in Boksburg, an affordable housing estate which  caters for a wide spectrum of the housing market.

SOUTH African businesses and financial institutions need to seriously explore an alternative funding mechanism that could turn rental housing into some form of equity buildup for middle-income earners who do not qualify for bonds or government housing subsidies, says Tongaat Hulett CEO Peter Staude.

Although construction activity has consistently improved over the past two years, the growth in activity ratcheted up more significantly over the last six months.

The FNB House Price Index showed a further acceleration in June, in year-on-year growth terms, from a revised 8.6% rate in May to 8.9% in June. This is the highest year-on-year growth since June 2010. However month-on-month growth appears to be slowing as reflected in the accompanying graph further below

Ten years ago, the construction sector was moving at half speed after two decades of reduced activity levels, ever since the great 1970s infrastructure boom had ended

It should not come as too much of a surprise that growth in residential property transactions broadly slowed as 2011 progressed, as did growth in residential mortgages registered.

False assumptions often reveal a deep-rooted ignorance as to the rules of property purchasing and how to finance transactions

Contrasting market performances between Major Metros, Holiday Towns and Former Black Townships during 2011

The FNB Estate Agent Survey suggests that the metro market segment that agents define as the Lower Income Segment showed the strongest demand-supply “fundamentals” of the 4 “suburban” income segments during 2011

South African Banks’ voluntary sales programmes for defaulting debtors are growing throughout the country