Growth in the Standard Bank House Price Index keeps slowing. The median price of a house applied for and financed by Standard Bank was R923,000 in April, up 4.5% y/y and slightly slower than 4.6% y/y growth in March 2017 (revised up from 4.3% y/y). On a m/m basis, HPI contracted by 1.03% in April. With 6.1% y/y CPI inflation in March, real house price growth remains in negative territory.
Siphamandla Mkhwanazi 23 hours ago
The Broll Retail Snapshot for Q1: 2017 indicates that while December was unsurprisingly the best month for retailers compared to November and January, consumers have become more cautious on spending.
1 day ago
Established during 2001, the Rental Housing Tribunal (RHT) assists in resolving disputes that arise between landlords and tenants. Made up of members with housing management, development and rental housing experience, who have been appointed by the provincial minister of housing, the RHT is also tasked with implementing the Rental Housing Act.
Adrian Goslett 1 day ago
Low business and consumer confidence are placing the property sector under pressure.
Sunita Menon 2 days ago
Purchasing an investment property can offer great financial rewards over the long term. However, it is important to bear in mind that when buying an investment home, there is more to consider financially than just the purchase price. Property investors need to take into account the significant costs involved in purchasing an investment property before they decide that it is a financially viable option for them.
Adrian Goslett 19 May 2017
Millennials, born between 1980 and 2000, have exceptional trendsetting power and businesses the world over are competing to capture their attention and a share of their wallets.
Lauren Hartzenberg 18 May 2017
Industrial property may have a reputation of being the ugly cousin in the real estate sector, but for more than a year it has outperformed retail and offices. While traditional smokestack industrial properties are struggling, the sector's newer, modern distribution warehouses are booming. Growing demand for online shopping and increased imported products in the market are helping distribution centres.
Alistair Anderson 18 May 2017
According to Johan Delport of Standard Bank, commercial banks will keep on investing in the agricultural sector because land remains an excellent investment. Francois Human of the Department of Agricultural Economics at the University of the Free State in Bloemfontein says: “Regardless of negative sentiments from various sources, the demand for agricultural land keeps increasing and the land prices in most cases increase by 10% above inflation each year.”
17 May 2017
The appearance of a property can greatly influence the speed and the final price achieved in sale.
17 May 2017
Housing developer Calgro M3's CEO Wikus Lategan says the firm has managed to reduce its reliance on the public sector for revenue, having diversified into three businesses.
Alistair Anderson 17 May 2017