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.

Third quarter (Q3 18) statistics released by ooba, South Africa’s leading home loan originator, show that year-on-year from Q3 17 to Q3 18, the growth in the Average Purchase Price effectively remained static with a 0.1% increase. This continues the trend of negative real price growth (growth less inflation) in the residential property market.

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.

“The September oobarometer continues to reflect an improvement in year-on-year house prices,” says Saul Geffen, chief executive of ooba. “This is the fourth consecutive month that the oobarometer has reported rising house prices and is clear evidence that the market is on the road to recovery.”

The June oobarometer price index recorded a nominal increase in year-on-year house prices of 1.2%

Most Popular

10 SA REITs are among South Africa’s top listed companies

Nov 15, 2019
Estienne de Klerk SA REIT Chairman
South African REITs (real estate investment trusts) have once again excelled among the…

African Union for Housing Finance (AUHF) Cape Town declaration provides 5 point plan for african governments to address housing finance shortage

Nov 14, 2019
African Union of Housing Finance
Following the successful completion of their 35th Annual Conference, the members of the…

SA REIT publishes the second edition of its best practice recommendations for financial reporting

Nov 13, 2019
Bram Goossens
The SA REIT (Real Estate Investment Trust) sector has published the Second Edition of its…

Indluplace Properties boosts team to drive letting in 2020

Nov 13, 2019
Carel de_ Wit CEO Indluplace
Indluplace Properties, the first residential-focused REIT to list on the JSE, has…

Three frail care centres and a mix of residential and commercial properties on BidX1’s 4 December online property auction

Nov 14, 2019
Fontainebleau Welgelegen
Three frail care centres and a mix of residential and commercial properties on BidX1’s 4…

Please publish modules in offcanvas position.