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The FNB/BER Building Confidence Index improved for the third consecutive quarter, rising by 3 points to 43 in 1Q2017.
The first month of 2017 saw building activity with regard to new private sector-financed housing in South Africa (see explanatory notes) contracting by a relatively large margin, based on data published by Statistics South Africa.
Estimated 1st time buyer percentage sees a rise for the 2nd successive quarter.
Indluplace Properties Limited, the first residential focused property portfolio listed on the JSE, today announced that it has concluded an agreement with Diluculo Investments Pty Ltd to acquire Diluculo Properties Pty Ltd which owns a property portfolio of 1 319 residential units for R475 million.
There are a few significant changes on the cards for the South African property sector in 2017.
One of Johannesburg’s best kept secrets is Gallo Manor, a leafy residential suburb situated just minutes from the Sandton city centre.
Property Finance at Nedbank Corporate and Investment Banking (CIB) delivered another year of strong performance, making a significant contribution to the annual results of both CIB and Nedbank Group as a whole in 2016.
Home to Eskom’s Kusile Power Station, the Mpumalanga coal-mining town of eMalahleni (formerly known as Witbank) continues to experience a strong demand for housing, says Elisme Swart, area principal for Pam Golding Properties.
Despite economic pressure, property development in the Mother City shows no signs of slowing down, with various commercial and residential property developments planned, including two R1.5 billion developments.
There is a dire shortage of accommodation in Johannesburg for those looking for rentals between R2 000 and R3 000 per month.