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).

ABSA Home Loans Property Analyst, Jacques du Toit, notes further uptick in household credit and mortgage balances growth.

Thursday, 25 February 2016 12:16

Transfer duty on property

Adjustments to transfer duty on property in the 2016 national Budget are to impact only the upper end of the residential property market.

According to Jacques du Toit, Property Analyst at Absa Home Loans, the first nine months of 2015 saw the value of outstanding credit balances in the South African household sector rising by 4,3% year-on-year (y/y).

Residential building activity levels down in early 2015 from a year ago.

Growth in household credit and mortgage balances slows down further.

The FNB/BER building confidence index gains four points to 45 in the third quarter‚ indicating the sector is starting to turn itself around.

Planning phase of residential building activity showed double-digit growth in the first half of 2014, while construction contracted.

Confidence levels in the construction and building industry rise to 52 points in the first quarter of 2014 from 48 in the fourth quarter of 2013. 

Tuesday, 15 October 2013 16:06

Banks striving to reduce bond defaults

SA’s big banks are taking longer to deal with home loan defaulters even though they are continuing to reduce their non-performing home loan books from 2009-10 peaks.

Page 4 of 6

Most Popular

Attacq sees success with high-rise development The Mix

Sep 22, 2021
Giles_Pendleton_Attacq
Waterfall’s latest high-rise residential development, The Mix Waterfall, is approaching…

When can I cancel an Offer to Purchase?

Sep 22, 2021
News_from_Rawson_Property_Group
There’s nothing more exciting (or nerve-wracking) than submitting an Offer to Purchase on…

Serviced office space provider The Business Exchange opens in Cape Town

Sep 21, 2021
TBE_Cape_Town2
Serviced office space provider The Business Exchange (TBE) has extended operations and is…

Interest rates still on hold but scales start tipping towards a hike

Sep 23, 2021
Carmen_Nel_Matrix_Fund_Managers
The SARB Monetary Policy Committee (MPC) decided to keep the repo rate unchanged at 3.5%…

Please publish modules in offcanvas position.