By historical standards, housing in South Africa remains affordable and also compares favourably to affordability in other global housing markets. However, slower growth in local household income has seen a gradual deterioration in affordability since late-2013, says Dr Andrew Golding, chief executive of the Pam Golding Property group.
The iconic V&A Waterfront has contributed approximately 227 billion rand towards the GDP of South Africa’s Western Cape Province between 2002 and 2014, with forecasts revealing that this growth will continue for the next 10 years.
According to the FNB House Price Index, the average house price for April 2015 rose 5.0% year-on-year.
At the end of last year, house prices in Cape Town and Bloemfontein were accelerating, while the exact opposite was happening in Port Elizabeth this according to the latest Rode’s Report on the SA Property Market.
Industrial property investors must be aware of what is required to maximize all aspects of a property’s value over a period of time before deciding to sell.
The success of Century City continues with billions of rands of new residential, commercial and hospitality projects rapidly rising out of the ground.

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