Despite the recent hikes in interest rates, property on the West Rand remains reasonably priced when compared to the CBDs of Sandton and Rosebank. 

The household sector experienced increased financial strain throughout 2015 and in the early stages of 2016 according to Absa Housing Review.

Indluplace Properties, the JSE’s first pure residential focused REIT, announced a dividend for the quarter ended 31 December 2015 of 22,93 cents per share.

Difficult economic conditions that continue to take their toll on the property sector are also posing risks to businesses that are tenants in their own premises, commonly referred to as commercial owner-occupiers.

Ooba says the decision today by the South African Reserve Bank to increase interest rates by 0.5% from 6.25% to 6.75% will negatively impact the residential housing markets as many consumers are already facing increasing financial strain through dealing with elevated levels of debt and the rising cost of living expenses.

Steady growth has made Port Elizabeth property a safe as houses investment bet, with new developments matching national trends.

Monday, 25 January 2016 12:04

How to reduce electricity consumption

How to cut Electricity consumption if Eskom gets the 16% rate hike they’re asking for.

Last year was a mediocre one for South Africa: the JSE ALSI ended 2015 only 5.13% up over the 12 months and GDP growth was well south of 2% for the full year.

Wednesday, 20 January 2016 21:52

House prices a signal of gloom

The trouble with house prices is because of a booming market that causes consequence of upbeat consumer confidence.

Property values have continued to grow in the past 12 months, with the average home price showing a year-on-year increase of just over 5% to R971 000 at the end of November, according to the latest statistics from BetterLife Home Loans, SA’s biggest mortgage originator.

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