Over the past three years, the KwaZulu Natal (KZN) property market has enjoyed unparalleled growth, outperforming other provinces as an investment destination. And yet, it is still considered one of the best kept secrets in the country!

While a further reduction to the interest rate would have been a bonus for aspirant first-time home buyers and existing homeowners with mortgages, the Monetary Policy Committee’s decision to leave the repo rate unchanged at 3.5% was anticipated by the majority of market commentators, says Dr Andrew Golding, chief executive of the Pam Golding Property group.

After the worst economic downturn in decades, further dampened by the recent tightening of lockdown restrictions in response to the second wave of the pandemic and the recommencement of load shedding, economic growth – while admittedly coming off a low base - is still widely expected to show some positive growth of around 3% this year.

While retirement in its broadest sense represents a change in lifestyle in one way or another, the fact is, the traditional concept of retirement has changed significantly over the past few decades, with, for example many people in their 60s still very active and in their 70s still working, says Dr Andrew Golding, chief executive of the Pam Golding Property group.

The residential property market in the Eastern Cape has remained surprisingly resilient during the unprecedented times the economy currently faces, says Pam Golding Properties.

In the midst of a rapidly contracting economy in limbo under an extended lockdown, today’s (21 May 2020) announcement of a further reduction of 50 bps in the repo rate will have a positive effect on the residential property market, albeit deferred until potential buyers can begin transacting in earnest, says Dr Andrew Golding, chief executive of the Pam Golding Property group.

Signs that the residential property market is beginning to stabilise.

Wednesday, 26 June 2019 14:48

56% of home buyers are single, says FNB

FNB Home Finance has revealed that the number of single applicants who bought residential property through the Bank increased from 48% to 56% between 2016 and 2018.

A survey recently carried out by the respected property analysts, Lightstone, has revealed a range of statistics that will be of interest to anyone keeping track of property trends in South Africa today, says Rowan Alexander, Director of Alexander Swart Property, the Cape Town estate agency headquartered at Brackenfell.

“South Africa’s residential market is in for an interesting time in 2019, but our predictions for the year are all positive, and we believe that home buyers and investors who take the plunge and buy early will be well-rewarded.”

Page 1 of 4

Most Popular

Repo rate unchanged at 3.5%

Mar 25, 2021
Lesetja_Kganyago_SARB_Governor
The Monetary Policy Committee has decided against altering the repo rate, deciding to…

Park Village Auctions brings to market a well Designed Factory with Offices

Apr 05, 2021
Default Image
Park Village Auctions brings to market a well Designed Factory with Offices

The Business Exchange announces new Dollar-based investment opportunity for South Africans

Apr 06, 2021
David_Seinker_CEO_The_Business_Exchange
Serviced office space provider The Business Exchange (TBE), in partnership with Maxcity…

Growthpoint completes Cintocare Hospital development - the first of its kind for Africa

Apr 06, 2021
Street view of the Cintocare Hospital
A 11 000 sqm specialised surgical hospital development by Growthpoint Properties (JSE:…

Absa partners with Amdec Group to bring iconic Harbour Arch development to fruition

Mar 30, 2021
Harbour _Arch_Context
Absa Bank has partnered with Amdec Group, South Africa’s leading developer of new urban…

Please publish modules in offcanvas position.