Home owners and residential property investors are likely to start making money again on their bricks-and-mortar assets this year after a six-year housing slump.
House price increases slow last year but 2014 might well be better for home owners, extending the recovery of the last couple of years.
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.
Despite a weak economy and continued pressure on disposable income, the residential property market is showing a marked increase in activity and demand across all price levels, according to Jawitz Properties CEO Herschel Jawitz.
FNB house price index shows a slight acceleration in its year-on-year growth rate‚ to 6.4% in August from 6.3% in July.
There is a broad strengthening trend in agents’ perceptions of residential demand‚ according to an FNB estate agent survey.
With SA's effective personal tax burden relative to income set to rise further this year, the decision keeps the combined fiscal and monetary policy impact on household finances negative.

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