Delta Property Fund, a specialist black-managed and substantially black-owned REIT with a significant sovereign underpin, today reported results for the six months ended 31 August 2019 reflecting continued headwinds facing the macro-economy and the commercial office sector.
Housing demand has continued to gain momentum since the start of the year and in the third quarter, the number of applications for home loans was at its highest level in more than three years, according to the latest statistics from BetterBond, SA’s foremost bond originator.
Despite weak economic fundamentals resulting in negative real house price growth, the banking industry continues to show confidence in South Africa’s property market by further relaxing their lending criteria and approving home loan finance at levels last seen 12 years ago.
Delivering exceptional investment performance in current market conditions is no simple task, given that uncertainty and unemployment remain critically high whilst economic growth, liquidity and interest rates remain stubbornly low.
Credit and mortgage balances in the first half of 2019, with divergent home loan repayment patterns evident across household income categories up to mid-2019.
Delta Property Fund, a specialist black-managed and substantially black-owned REIT with a significant sovereign underpin, today reported results for the year ended 28 February 2019 reflecting the toughest operating year in the Fund’s history.
When people want to invest in real estate they usually secure a loan to purchase a property – either residential or commercial.
Redefine Properties (JSE: RDF), which has increased its distribution for the six months ended 28 February 2019 by 4.0% to 49.2 cents, continues to build a solid platform for sustained growth and value creation despite ongoing economic and political uncertainty.
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