The FNB Major Metro Former Township House Price Index continues to outperform the overall Major Metro House Price Index in terms of average price growth, although these “Township” areas remain the most affordable residential areas on average.

While much has been said regarding the slowing in house price growth in recent months, the residential property market in Gauteng is a highly complex one, with sharp regional and suburban variations, and there are a number highly positive developments within the region’s property sector.

Atlantic Leaf delivers strong results after transformative year.

The first three months of 2016 saw growth in the average value of middle-segment homes in the South African residential property market remaining relatively stable at a nominal 5,7% year-on-year (y/y).

“Tolerating additional inflation in the short run could require larger interest rate adjustments later, with proportionally greater costs for the economy.

ABSA Home Loans Property Analyst, Jacques du Toit, notes further uptick in household credit and mortgage balances growth.

Although ooba’s property statistics for February indicate year-on-year growth in house prices, slower year-on-year price growth trends are emerging.

Thursday, 17 March 2016 17:57

Reserve Bank raises repo rate to 7%

The Reserve Bank on Thursday increased South Africa’s repo rate by 25 basis points to 7% per annum.

John Loos, Household and Property Sector Strategist at FNB observes 'a tougher year for residendial mortgage lending ahead, as the residential property market slowly moves into its super-cycle “Correction”.'

Space at prime South African retail properties was made to work harder throughout 2015 and delivered real growth on an inflation adjusted basis.

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