Pam Golding Properties has plans to market high quality, investment yielding residential property in prime locations in Spain

The flight of many businesses from the Johannesburg central business district, including the Johannesburg Stock Exchange, in the 1990s saw Sandton become the new financial district of South Africa.

Tuesday, 09 July 2013 20:54

Property market in buoyant territory

The East London property market was turning to 'buoyant' territory bolstered by growth in the local automotive industry and black buyers making investment purchases.

While inflationary concerns appear in the main to be contained at present, further stimulus for the South African economy in terms of a rate cut would have been a welcome move

Propertuity and Pam Golding Properties (PGP) have announced that they have entered into a strategic partnership in which PGP will not only market residential accommodation in one of Johannesburg’s most vibrant and trendy precincts, Maboneng, but it will also provide strategic guidance and advice. 

One Johannesburg resirgbudential suburb that is not widely known about but which is very popular among residents is Morningside Ext 40 in the Riverclub area, Sandton.

Namibia is experiencing increasing interest from South African home buyers, mainly among those seeking to acquire homes in Windhoek and leisure and residential properties in Swakopmund

From a residential property market perspective, the historically low interest rate, which has remained relatively stable in recent years, serves as a confidence booster for home buyers, particularly those with mortgage bonds and who continue to feel the impact of rising energy, fuel and food costs.

While the market in residential property developments has slowed and many of the smaller borderline developers have all but disappeared in these lean times, there have been “bright spots in the market and indications are that the development market is in the process of a gradual recovery”, says Pam Golding Properties (PGP), Hyde Park region development manager, Peet Strauss. 

Construction is at an advanced stage at the new mixed-use development, Beacon Rock, which has already become a landmark building at the upgraded entrance to uMhlanga Village on the KwaZulu-Natal north coast.

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