Cape Town is open for business, and with tourism numbers expected to climb to 21 million by 2030, mixed-use residential developments offering exceptional accommodation are in high demand, says Pam Golding Properties.

Easing lending conditions supportive of purchasing activity.

The Sub-Saharan Africa market may seem daunting and complex for the first - time investor or developer. 

Outstanding private sector mortgage balances (R1 465,5 billion and 38,2% of total privatesector credit balances of R3 839,4 billion), which include both corporate and household mortgage balances, increased at a rate of 6,7% y/y up to end-August (6,3% y/y at end- July). 

Sentiment is a key driver of investor confidence and the residential property market is no different in this regard.

Tuesday, 10 September 2019 09:18

Buying versus renting student accommodation

Many South Africans are of the mindset that it is better to purchase their own home - if they can - rather than rent, and effectively pay off someone else’s bond.

In the first seven months of 2019 outstanding credit balances in the South African household sector (R1 687,8 billion) increased by 6,3% year-on-year (y/y), with growth slightly down from 6,5% y/y up to the end of June.

Friday, 30 August 2019 22:18

Hurray for 100% home loans

It seems, no matter whether you’re talking to industry professionals in the boardroom or friends around the braai, that confidence in the property market is low.

Bondspark CEO, Marcel du Toit says that there are several reasons behind the overall improvement of the local property sector this quarter.

The surge in first-time buyers entering Cape Town’s property market – a notable 3.3 times more than this time last year – augurs well for a gradual house price recovery in the next few months, says Dr Andrew Golding, chief executive of the Pam Golding Property group.

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