The first three months of 2016 saw growth in the average value of middle-segment homes in the South African residential property market remaining relatively stable at a nominal 5,7% year-on-year (y/y).
“Tolerating additional inflation in the short run could require larger interest rate adjustments later, with proportionally greater costs for the economy.
ABSA Home Loans Property Analyst, Jacques du Toit, notes further uptick in household credit and mortgage balances growth.
Although ooba’s property statistics for February indicate year-on-year growth in house prices, slower year-on-year price growth trends are emerging.
John Loos, Household and Property Sector Strategist at FNB observes 'a tougher year for residendial mortgage lending ahead, as the residential property market slowly moves into its super-cycle “Correction”.'
Space at prime South African retail properties was made to work harder throughout 2015 and delivered real growth on an inflation adjusted basis.
South African Real Estate Investment Trust (REIT) Redefine Properties is significantly broadening its offshore footprint via an initial 75% investment into a 1.2 billion euro high-yielding commercial platform comprising 18 properties in the rapidly-expanding and exciting Polish market.
Adjustments to transfer duty on property in the 2016 national Budget are to impact only the upper end of the residential property market.
This is according to Finance Minister Pravin Gordhan who tabled the 2016 Budget during a joint sitting of the National Council of Provinces (NCOP) and the National Assembly, in Parliament, on Wednesday.
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