Dr Andrew Golding looks ahead at SA's housing market in 2017
While political and economic uncertainty is likely to continue across the globe next year (2017), it is hoped that local economic growth will be modestly stronger, which will be more supportive for the South African housing market, says Dr Andrew Golding, CE of the Pam Golding Property group.
Right decision to keep repo rate on hold, says Dr Andrew Golding
Holding the repo rate steady at today’s Monetary Policy Committee meeting today (24 November 2016) was the right decision and one which is expected to help boost consumer confidence at a time of the year when many are planning and making career and lifestyle decisions for the year ahead, says Dr Andrew Golding, CE of the Pam Golding Property group.
The Sectional Title Housing market segment still mildly outperforms the full title segment, but both segments have been cooling off gradually in recent times
Sectional Title homes have seen a long term rise in prominence in South Africa’s property trade, driven by mounting urban land and infrastructure scarcity, which requires a “drive” towards smaller average sized properties as we look to utilize land and infrastructure more economically.
Continued subdued middle-segment house price growth
October 2016 saw year-on-year growth in the average nominal value of middle-segment homes in the South African housing market remaining relatively low against the background of trends in and prospects for the economy and the household sector.
Young buyers fire up property sales in Jo’burg’s New South
Great value, great views, top schools and excellent shopping and recreational facilities… the New South has it all, and even offers easy and less-congested access to the Johannesburg CBD and other parts of the metro.
2017 expectations are for a Residential Mortgage Market weak on growth but still relatively solid on loan repayment performance under the circumstances
The Residential Mortgage Market is weak in terms of transaction growth, but solid in terms of debt repayment performance under weak economic circumstances.
Proposed tax increases puts pressure on households
The ratings agencies have been circling for months with many fearing a downgrading to junk status, and South Africa’s economic growth rate has been narrowed from 0.8% in February to 0.5%.
Inflation forecast to dip to 6.4%
South Africa’s inflation has been forecast to dip to 6.4% for the remainder of 2016, National Treasury said on Wednesday.
Ooba’s third quarter 2016 results show slowing property price growth under more constrained home loan lending conditions
Quarterly property statistics released by ooba, South Africa’s largest bond originator, show that residential property price growth is slowing as the supply of residential property outstrips purchasing demand.
Middle-segment house price growth remains under downward pressure
Middle-segment house price growth remains under downward pressure, according to ABSA.
eProperty News is a leading online commercial property marketplace serving the Southern African Investment, Office, Retail and Industrial property and allied sectors.