Those hoping for good news for the South African property market in the 2018 budget speech were likely disappointed by the lack of change to the sector’s key influencing factors.

The Middle East is weak. Europe, Hong Kong, Macau and Canada continue to experience strong price rises. But China, Russia, Japan, and most of the Middle East are experiencing either house price falls - or a sharp deceleration of house price rises

The property market in the Southern Suburbs has performed valiantly in the face of the political and economic uncertainty of 2017, showing solid growth in prices despite the significant drop in sales volumes.

As South Africa continues to face an increasingly harsh economic climate due to further credit downgrades and high levels of fiscal uncertainty. 

JSE AltX-listed property development company Visual International (Visual) has announced a R500 million funding agreement with New York-based alternative capital provider Milost Global Inc.

Investec Property Fund (“IPF” or “the Fund”) is pleased to announce an interim dividend of 68.37 cents per share (cps) for the six months ended 30 September 2017 (Sept 16: 60.91 cps).

Tuesday, 07 November 2017 11:28

'Rentvestor' a new breed of property buyer

South Africa is currently seeing the emergence of a new type of property buyer known as a “rentvestor”, says Gerhard Kotzé, MD of the RealNet estate agency group.

Despite of the poor performance of industrial stand values in the country overall, due to declining economic confidence, those in the East Rand and Cape Peninsula still managed to enjoy real growth in the second quarter of 2017.

Third quarter statistics (Q3 2017) from ooba, South Africa’s leading bond originator, show nominal positive growth of 3.3% on Q3 2016 in the average House Purchase Price.

Real estate consulting firm, JLL South Africa, has released its Q2 2017 research reports of the industrial markets in Johannesburg and Durban, the office markets in Johannesburg, Durban and Cape Town and synopsis of the South African retail market.

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