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.

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.

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.

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.

The Residential Mortgage Market is weak in terms of transaction growth, but solid in terms of debt repayment performance under weak economic circumstances.  

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%.

Thursday, 27 October 2016 01:37

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.

Published in News Categories

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, according to ABSA.

In the 2nd Quarter of 2016, the TPN-FNB National Average Gross Residential Yield rose slightly for the 1st time since the 1st quarter of 2014.

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