Growth in household credit balances accelerated in 2018 from 2017
The value of outstanding credit balances in the South African household sector increased by 5,7% to R1 630,2 billion in 2018 after rising by 3,8% in 2017.
Bank lending remains positive despite 2018’s sluggish property market
2018 was a challenging year for the South African property market, with negative real price growth in the residential property market and slowing market activity.
Unchanged repo rate positive, while buyers gradually return to the market
After an unexpectedly tough 2018, but with the welcome announcement that the repo rate remains unchanged following this first MPC meeting of the year, the outlook for 2019 is somewhat brighter.
Overall residential building activity remaining subdued up to late 2018
Private sector-financed building activity (see explanatory note) in the South African market for new housing remained subdued in the first eleven months of 2018, based on data released by Statistics South Africa.
Broll Parts Ways with CBRE To Pursue Expansion and Empowerment Vision
Broll Property Group (Pty) Ltd announced this morning that it has ended its affiliate partnership with US-based CBRE Group, Inc.
Fitch confirms that viceboy report is neutral to NEPI Rockcastle's rating
Following S&P Global Ratings’ confirmation of NEPI Rockcastle’s BBB/Stable/-- rating in response to the publication of a report on NEPI Rockcastle by Viceroy Research.
Confident outlook for SA REIT performance in 2019
The SA REIT sector is set to deliver double-digit total returns to investors next year.
Grand opening of new luxury apartment building, Le Boulevard in uMhlanga Ridge
With sales of R150 million to date, only 52 out of the total of 143 apartments are still available for purchase in the brand new, designer apartment development, Le Boulevard, in the heart of uMhlanga on the rapidly expanding KwaZulu-Natal North Coast, according to Carol Reynolds.
The FNB/BER Building Confidence Index shed 5 index points to register a level of 31 in 4Q2018
After rising to 35 in 3Q2018, the FNB/BER Building Confidence Index fell back to 32 in 4Q2018.
Growthpoint invests a further R908 million in Australia
Growthpoint Properties continues to grow internationally with a further ZAR908 million investment in Australia.
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