Property price growth slows as economy waivers
South Africa’s largest bond originator, ooba, has released its property statistics for the first quarter of 2017 (Q1 2017).
Ooba’s fourth quarter 2016 results show housing market constrained by consumer budgets
2017 looks to be a challenging year for the South African property market, as quarterly statistics released by ooba, South Africa’s largest bond originator, point to ongoing affordability constraints for South African consumers.
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.
Ooba’s third quarter 2016 results show slowing property price growth under more constrained home loan lending conditions
Quarterly property statistics released by ooba, South Africa’s largest bond originator, show that residential property price growth is slowing as the supply of residential property outstrips purchasing demand.
Continued slowing property price growth in second quarter of 2016
Second quarter 2016 statistics released by ooba show nominal house price growth of 2% year-on-year compared to the second quarter of 2015.
Keeping repo rate stable makes sound economic sense says Dr Andrew Golding
While it appears South Africa’s repo rate still remains in a rising cycle, today’s decision by the Monetary Policy Committee to pause and keep the rate stable makes sound economic sense given the stagnant economy and ongoing cost pressures exerted on consumers, says Dr Andrew Golding, CE of the Pam Golding Property group.
ooba’s February statistics signify house price growth dipping to below the inflation rate
Although ooba’s property statistics for February indicate year-on-year growth in house prices, slower year-on-year price growth trends are emerging.
Interest rate hike will negatively impact the residential housing markets
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.
ooba’s fourth quarter 2015 results continue to show property price growth in excess of inflation but slight dip in home loan approval rates
Property statistics for the fourth quarter of 2015 released by ooba, South Africa’s largest bond originator, show house prices continued to grow in excess of inflation as the demand for residential property remained buoyant despite a weakening economy.
The top trends currently in the property sector in terms of home loan approvals
Home loan market still being driven by first time home buyers. 54% of applications are currently from first time homebuyers.
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