Friday, 18 October 2019 09:24

Residential building statistics

Continued evidence of some diverging trends at segment level in the planning and construction phases of residential building activity.

With more than 300 delegates drawn from 30 African and international countries; this year’s conference theme is, “Realising Affordability in Global Markets”

Outstanding private sector mortgage balances (R1 465,5 billion and 38,2% of total privatesector credit balances of R3 839,4 billion), which include both corporate and household mortgage balances, increased at a rate of 6,7% y/y up to end-August (6,3% y/y at end- July). 

A growing trust deficit between the government and the private sector threatens to derail efforts to turn around the struggling construction sector, but government is intensifying its efforts to build meaningful relationships with the industry.

Wednesday, 18 September 2019 16:00

WPN reveals SA Women in Property Awards finalists

The Women’s Property Network (WPN) has announced the finalists of the South African Women in Property Awards (SAWIPA), marking a celebration of female excellence in the local commercial property sector.

Slight improvement in transaction volumes alongside mortgage advances.

In the first seven months of 2019 outstanding credit balances in the South African household sector (R1 687,8 billion) increased by 6,3% year-on-year (y/y), with growth slightly down from 6,5% y/y up to the end of June.

Credit and mortgage balances in the first half of 2019, with divergent home loan repayment patterns evident across household income categories up to mid-2019.

Growth in the value of outstanding credit balances in the South African household sector (R1 669,6 billion) was only slightly higher at 6,1% year-on-year (y/y) at the end of May 2019 from 6% y/y at end-April when outstanding balances came to R1 660,9 billion.

News of yet another principal contractor entering business rescue with tens of millions in debt puts scores of sub-contractors at risk, says MBA North.

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