The current residential market continues to reflect the state-of-the-nation and the economy, both in terms of price growth and the level of consumer and business confidence.

Tuesday, 13 September 2016 17:58

Current account deficit narrows to 3.1%

South Africa’s current account deficit narrowed to 3.1% of gross domestic product (GDP) in the second quarter of this year.

August 2016 saw year-on-year growth in the average nominal value of middle-segment homes in the South African housing market slowing down further to its lowest level in almost four years.

Diversified property REIT, Texton Property Fund (“Texton”) today announced robust final results for the year ended 30 June 2016, declaring a total dividend of 103.63 cents per share (2015: 94.77 cps), a 9.4% increase, following the successful implementation of its diversification strategy geographically into the United Kingdom (UK) and across sectors.

Exciting opportunities arise in uncertain and difficult times, says Norman Raad, CEO of Broll Auctions and Sales.

Cash-strapped homeowners with mortgages, who are faced with inexorably rising consumer costs across the board, will be relieved at the Monetary Policy Committee’s decision today (21 July 2016) to keep the repo rate steady, says Dr Andrew Golding, CE of the Pam Golding Property group.

Second quarter 2016 statistics released by ooba show nominal house price growth of 2% year-on-year compared to the second quarter of 2015.

According to John Loos, a mild slowdown for the Consumer and Retail Property sector is projected based on an FNB macroeconomic scenario where recession is avoided, inflation is moderate, and interest rates have just about peaked.

In a deal which catapults the fund onto a entirely new level, Tower Property Fund has purchased four retail centres in Croatia from Agrokor - the largest company in the Adriatic region.

The residential market up until 2015 was essentially a sellers’ market driven by low interest rates, strong demand from buyers and a shortage of stock.

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