First quarter oobarometer statistics released by ooba, South Africa’s foremost home loan comparison service, show continued robust growth in the residential property sector despite a year dominated by the Covid-19 pandemic and the ensuing economic fallout.   

With South Africa’s inflation rate below the lower limit of the inflation target at 2.9%, and local inflationary expectations remaining well-anchored, it was expected that the Monetary Policy Committee would keep the repo rate unchanged, says Dr Andrew Golding, chief executive of the Pam Golding Property group.

The 1st Quarter 2021 FNB Commercial Property Broker Survey component that surveys broker perceptions of buying/selling market activity by major commercial property class, continued to show rising activity ratings in all 3 classes, i.e. the Industrial, Retail and Office Property Classes.

Thursday, 25 March 2021 19:29

Repo rate unchanged at 3.5%

The Monetary Policy Committee has decided against altering the repo rate, deciding to keep it unchanged at 3.5% per annum, said Reserve Bank Governor Lesetja Kganyago.

Fortress Real Estate Investments, South Africa’s third largest REIT, announced today that its long-term strategy is paying off.  

Fairvest Property Holdings Limited (“Fairvest”) today announced results for the six months to December 2020 that portrayed strong improvements in property fundamentals and a pleasing 7.2% increase in distribution against the most recent six months to 30 June 2020, which were at the height of the COVID-19 lockdown.

Buying a home is probably one of the most important - and expensive - purchases many people will make.

The South African Reserve Bank has just announced that it is holding the repo rate steady, as South Africa battles the second wave of the COVID-19.

JSE-listed Accelerate Property Fund today reported financial results for the six months ended 30 September 2020.

A silver lining amongst the many dark clouds dominating South Africa’s current economy is, thanks to recent interest rate cuts, commercial real estate - especially purpose-built quality logistics assets supporting the ongoing e-commerce boom in the country.

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