Banks given greater freedom to make property loans on back of court ruling
Until very recently new owners of properties were held liable for the historical debt of a seller due to a municipality in terms of Section 118(3) of the Municipal Systems Act.
Right decision to keep repo rate on hold, says Dr Andrew Golding
Holding the repo rate steady at today’s Monetary Policy Committee meeting today (24 November 2016) was the right decision and one which is expected to help boost consumer confidence at a time of the year when many are planning and making career and lifestyle decisions for the year ahead, says Dr Andrew Golding, CE of the Pam Golding Property group.
Port Elizabeth rental demand increasing as high interest rates discourage first-time buyers
Port Elizabeth has a reputation for being “the friendly city”, and its great schools, sandy beaches, salt-scented air and relaxed pace of life have certainly won the town many devoted residents.
Stenprop Interim Results for the six months ended 30 September 2016
Stenprop Limited (“Stenprop”), a UK based property fund listed on the JSE’s Main Board and the Bermuda Stock Exchange, announces its interim results for the six months ended 30 September 2016.
The Sectional Title Housing market segment still mildly outperforms the full title segment, but both segments have been cooling off gradually in recent times
Sectional Title homes have seen a long term rise in prominence in South Africa’s property trade, driven by mounting urban land and infrastructure scarcity, which requires a “drive” towards smaller average sized properties as we look to utilize land and infrastructure more economically.
Arrowhead Properties delivers its fifth set of solid annual results
Arrowhead, the South African JSE listed REIT, has declared a dividend of 82,55 cents per share for the year ended 30 September 2016.
Continued subdued middle-segment house price growth
October 2016 saw year-on-year growth in the average nominal value of middle-segment homes in the South African housing market remaining relatively low against the background of trends in and prospects for the economy and the household sector.
Slower it all goes, but can retail property be the downturn “outperformer” again”?
The Commercial Property Market has been seeing its average capital growth slowing in recent times, driven by economic growth weakness and interest rate hiking of recent years.
Young buyers fire up property sales in Jo’burg’s New South
Great value, great views, top schools and excellent shopping and recreational facilities… the New South has it all, and even offers easy and less-congested access to the Johannesburg CBD and other parts of the metro.
2017 expectations are for a Residential Mortgage Market weak on growth but still relatively solid on loan repayment performance under the circumstances
The Residential Mortgage Market is weak in terms of transaction growth, but solid in terms of debt repayment performance under weak economic circumstances.
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