Signs that the residential property market is beginning to stabilise.

Wednesday, 30 October 2019 11:56

Katlehong's first enclosed Mall opens

Moolman Group, in partnership with Twin City Developments and Vuno Developments, are proud to bring convenience to the township of Katlehong – with the opening of the much-anticipated Sam Ntuli Mall on 31 October 2019. 

FNB has facilitated R11.8 billion in payouts to property buyers using nav» Home in its banking APP. Since launching nav» Home in 2016, approximately 10 000 families have been placed in homes through the seamless functionality.

FNB has unveiled the first phase of its BankCity revitalization project to continue its commitment and investment in the Johannesburg inner-city.

Bondspark CEO, Marcel du Toit says that there are several reasons behind the overall improvement of the local property sector this quarter.

The surge in first-time buyers entering Cape Town’s property market – a notable 3.3 times more than this time last year – augurs well for a gradual house price recovery in the next few months, says Dr Andrew Golding, chief executive of the Pam Golding Property group.

As anticipated, the MPC kept the repo rate steady, taking a conservative approach against the backdrop of rising fuel prices, and with a wary eye on CPI inflation, says Dr Andrew Golding, chief executive of the Pam Golding Property group.

In the week ahead, the South African Reserve Bank (SARB) Monetary Policy Committee (MPC) will meet to deliberate on interest rates from the 26-28 March, and FNB expects it to leave its policy Repo Rate unchanged at 6.75%.

JSE-listed diversified Real Estate Investment Trust (REIT) Redefine Properties’ (JSE: RDF) welcomed shoppers to the new revamped Benmore Centre, Sandton’s popular neighbourhood shopping destination when it officially opened during end August. Redefine had started work on the ZAR252 million refurbishment programme during late 2016 and was completed on schedule.

The FNB/BER Building Confidence Index lost 14 points to register a level of 29 in 2Q2018. This is the lowest since 2Q2012.

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