Reserve bank reduces repo rate by 25 basis points to 6.75%
The Reserve Bank’s Monetary Policy Committee (MPC) on Thursday reduced the repo rate by 25 basis points to 6.75%.
The FNB Holiday Town House Price Index continues its recent slowing growth trend
The FNB Holiday Towns House Price Index, comprising towns (both coastal and inland) whose housing markets are deemed to be strongly driven by holiday home demand, has had a reasonably good run since around 2013.
Foreigner residential buying perceived to have slowed slightly in South Africa, perhaps in part rand-driven and in part "junk status" driven
Recently, there have been hints emanating from our FNB Estate Agent Survey that foreigner demand for local residential properties may be declining.
National price realism deteriorates in both SA and Namibia, but in SA it’s more in the Coastal regions, while Gauteng is solid
It is important to understand that, due to significant resistance by home sellers to house price declines, in times of economic and residential demand slowdown the residential market can often move away from market equilibrium price.
New York tops league table of most expensive cities for construction as global skills shortage deepens
New York, San Francisco, Zurich, Hong Kong and London top the league table of the most expensive places to build.
New Plexus Wealth fund focuses on high income
Listed property specialist Plexus Wealth has launched a second property fund, the Plexus Wealth BCI Flexible Property Income Fund, to provide investors and retirees with a higher income option.
International Monetary Fund expects SA’s GDP to grow to 1%
The International Monetary Fund (IMF) has raised South Africa’s growth forecast to 1% this year.
Subdued levels of residential building activity in the first quarter of 2017
Residential building activity remained under pressure in both the planning and construction phases of the South African market for new housing in the first quarter of 2017.
Gauteng residential regions….and a look at the City of Joburg…..a very different world to Cape Town at present
Our 1st quarter 2017 Gauteng Sub-Regional House Price Indices show mediocrity in terms of house price performance to be widespread.
Cape Town’s high weighting in the new FNB Luxury Area Value Band House Price Index may explain this index’s “outperformance” in recent years
FNB area value band house price index performances.
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