As anticipated, and with an eye on rising inflation, the Monetary Policy Committee left the repo rate unchanged despite the prevailing sluggish economy, says Dr Andrew Golding, CE of the Pam Golding Property group.
Rapid progress at the luxury 56 hectare resort of Eden Island in Seychelles has seen a total of 400 units sold at a combined value of $340 million, or the equivalent of approximately R2.9 billion, says Dr Andrew Golding, chief executive of the Pam Golding Property group, exclusive marketers of the project.
Namibia is the 15th largest country in Africa with a population of just over two million people; this makes it the second least densely populated country in the world after Mongolia. With a per capita GDP of $7363.00 (7th in Africa) one would think the population isn’t doing too badly, however, given that approximately half the population live below the international poverty line of U.S.$1.25 a day, that picture alters
Estate agents have expressed confidence about the sustainability of foreign interest in the South African residential property space post the 2010 Soccer World Cup.
Five iconic properties on the historic Boschendal wine estate are to be sold at auction next month.
Demand outweighs supply when it comes to real estate in the Eastern Cape region and investors are queuing up to lay their hands on prime riverfront and seaside homes.
Pam Golding Commercial, a member of the Pam Golding Property group, has launched an auction division - Pam Golding Commercial Auctions - to cater for this highly effective and increasingly popular means of selling commercial investment property in a short period of time and at a market related price.
A battle of words is raging between estate agents and auctioneers aboutthe relative merits of auctioning property versus conventional sales methods.
Some of South Africa's major cities are undergoing a quiet revolution as the trend towards inner city rejuvenation begins to gather pace - facilitating a surge of growth and increased confidence and investment.
The recently announced interest rate reduction - coupled with the fact that several further decreases are anticipated in the near future - should increase business confidence and provide some relief for the business sector in general, says Peter Golding, chief executive of Golding Commercial Properties - a member of the Pam Golding Property group.

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