International Monetary Fund expects SA’s GDP to grow to 1%
The International Monetary Fund (IMF) has raised South Africa’s growth forecast to 1% this year.
Subdued levels of residential building activity in the first quarter of 2017
Residential building activity remained under pressure in both the planning and construction phases of the South African market for new housing in the first quarter of 2017.
Gauteng residential regions….and a look at the City of Joburg…..a very different world to Cape Town at present
Our 1st quarter 2017 Gauteng Sub-Regional House Price Indices show mediocrity in terms of house price performance to be widespread.
Cape Town’s high weighting in the new FNB Luxury Area Value Band House Price Index may explain this index’s “outperformance” in recent years
FNB area value band house price index performances.
Property price growth slows as economy waivers
South Africa’s largest bond originator, ooba, has released its property statistics for the first quarter of 2017 (Q1 2017).
The FNB House Price Index’s year-on-year growth rate strengthens further, but is still in negative real territory
In April 2017, the FNB House Price Index showed some further acceleration in year-on-year growth compared with the March rate, after having gone through a “dip” late in 2016.
Interest rate cuts ruled out after downgrade
The downgrading of South Africa's debt to junk status and the firing of Pravin Gordhan as finance minister mean that interest rates will be on hold until 2020 at least, a poll of economists predicted yesterday.
Repo rate left unchanged at 7%
The Reserve Bank has decided to keep the repo rate unchanged at 7% per annum, Reserve Bank Governor Lesetja Kganyago said on Thursday.
Interest rate proof your home loan
“We welcome today’s decision by the Reserve Bank’s Monetary Policy Committee to maintain the repo rate at 7% as it provides some relief to consumers dealing with rising food inflation and taxes”, says Bruce Swain, CEO of Leapfrog Property Group.
Declining growth in household credit and mortgage balances in early-2017
The first month of 2017 saw the value of outstanding credit balances in the South African household sector rising by a much subdued 0,6% year-on-year (y/y) to R1 494,2 billion, after growth of 0,7% y/y at end-2016.
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