The total wealth held in Africa rose by a modest 14% over the past 10 years (2008-2018) with three of the largest economies on the continent, South Africa, Egypt and Nigeria performing poorly on most economic indicators according to the AfrAsia Africa Wealth Report 2019, released today by Mauritius based AfrAsia Bank.
Increased over the past two years, contributing to excess supply predominantly in the upper-ends of the property market.
Established 26 years ago, Silver Lakes Golf and Wildlife Estate, emerged as one of the top performing suburbs in Pretoria, according to Lightstone data.
2018 was a challenging year for the South African property market, with negative real price growth in the residential property market and slowing market activity.
With the rand regaining some ground and inflation surprising on the downside this week, existing and aspirant home buyers will be relieved at the Monetary Policy Committee’s decision today (20 September 2018) not to increase the repo rate, says Dr Andrew Golding, chief executive of the Pam Golding Property group.
Every three years, the City of Cape Town updates their General Valuations roll to ensure property rates are adjusted in proportion to property values.
Banks are showing an increased appetite to lend according to first quarter (Q1 2018) property statistics recently released by ooba, South Africa’s leading home loan originator.
House price growth across all three residential categories are in single digits in 2013, according to Absa's house price index.
Local property prices rise in December, as does the average bond size, according to bond originator Ooba.
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