Levels of building activity in the South African market for new housing remained subdued in 2018, which were much in line with trends since 2010 after the economy emerged from recession in 2008/09.

Berry Everitt, CEO of the Chas Everitt International property group, says that the very detailed State of the Nation Address dealt with all of the economic and social issues that are currently of concern to the real estate industry, including the need to rebuild investor and consumer confidence in SA, stimulate economic growth, accelerate job creation and eliminate widespread corruption.

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.

Africrest Properties was thrilled to host the Member of the Mayoral Committee (MMC) for Development Planning for the City of Johannesburg- Reuben Masango as well as MMC for Housing- Meshack van Wyk, at the opening of their latest middle income residential development in Bramley, known as ‘The Village’.

Today’s October CPI (Consumer Price Index) showed a slight acceleration in its year-on-year inflation rate, from 4.9% in the previous month to 5.1%.

Dr. Kennedy Okonkwo, a top player in affordable real estate in Nigeria has featured on the November edition of Forbes Africa where he revealed that long term partnerships between private and public sector is key to improving housing gap in Nigeria.

Private sector-financed building activity (see explanatory note) in the South African market for new housing showed continued diverging trends on specifically a segment level in the first eight months of 2018, which caused the planning phase of new housing to have improved whereas the construction phase has contracted over this period.

JSE-listed Emira Property Fund will take a minority stake in JSE AltX-listed Transcend Residential Property Fund, furthering Emira’s stated strategy of expanding its investment in residential rental property.

With the rand regaining some ground and inflation surprising on the downside this week, existing and aspirant home buyers will be relieved at the Monetary Policy Committee’s decision today (20 September 2018) not to increase the repo rate, says Dr Andrew Golding, chief executive of the Pam Golding Property group.

President Cyril Ramaphosa says there is a need to radically transform urban spatial planning to ensure that citizens, particularly the poor and the working class, live closer to places of work and amenities.

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