The first three quarters of 2017 saw building activity in the South African market for new private sector-financed housing (see explanatory notes) contracting in both the planning and construction phases compared with the corresponding period last year, based on data released by Statistics South Africa.

The value of outstanding credit balances in the South African household sector continued to show relatively low growth in the first nine months of 2017, rising by 3,3% year-on-year (y/y) to a level of R1 522,6 billion.

Perceptions about the property market improved in the third quarter.

Building activity in the South African market for new private sector-financed housing remained under pressure in both the planning and construction phases in the first eight months of 2017, based on data released by Statistics South Africa.  

Outstanding credit balances in the South African household sector increased by 3,4% year-on-year (y/y) to R1 520,2 billion in the period January to August  2017.

Building activity in the South African market for new private sector-financed housing showed some marginal improvement on a year-on-year basis in both the planning and construction phases in the first seven months of 2017, based on data released by Statistics South Africa.

Wednesday, 30 August 2017 13:30

Household credit and mortgage balances

Outstanding credit balances in the South African household sector increased by 3,3% yearon-year (y/y) to a level of R1 514,8 billion in the seven months up to the end of July 2017 on the back of trends in secured and unsecured credit balances.

Levels of building activity in the South African market for new private sector-financed housing (see explanatory notes) contracted on a year-on-year basis in both the planning and construction phases in the first half of 2017, based on data released by Statistics South Africa.  

Low growth in household credit and mortgage balances in the first half of 2017, with home loan repayments showing homeowner financial strain.

Ongoing subdued household credit and mortgage balances growth.

Page 1 of 5

Most Popular

Spear REIT Limited delivers double digit growth despite tough economic environment

May 17, 2019
 QUITIN ROSS
“Spear has delivered distribution growth of 10,09% in a very tough economic environment.…

Izandla Property Fund celebrates completion and opening of its first development project

May 17, 2019
 SASOL OPENING
Izandla Property Fund announced the completion of the development of a new logistics…

Landmark foreshore building in Cape Town to become iconic mixed-use high-rise

May 17, 2019
FORESHORE PLACE
South Africa, Cape Town; An iconic 70’s high-rise in Cape Town’s downtown financial…

Emira adds another two shopping centres to its USA retail property portfolio

May 17, 2019
 GEOFF JENNETT
Emira Property Fund has made two further equity investments into grocery-anchored…

Alexander Swart Property Group: Cape Town’s Residential Property Values still the best in SA

May 25, 2019
 BBA 1
A survey recently carried out by the respected property analysts, Lightstone, has…

Please publish modules in offcanvas position.