Easing lending conditions supportive of purchasing activity.

Over the past 20 years, the period 1st quarter 1999 to 1st quarter 2019, the consumer has cumulatively “outperformed the economy, assisting the Retail Property Market to outperform other major property sectors over much of this period.

The first month of 2017 saw the value of outstanding credit balances in the South African household sector rising by a much subdued 0,6% year-on-year (y/y) to R1 494,2 billion, after growth of 0,7% y/y at end-2016.

According to Jacques du Toit, Property Analyst at Absa Home Loans, the first nine months of 2015 saw the value of outstanding credit balances in the South African household sector rising by 4,3% year-on-year (y/y).

Yearly growth in the average value of homes in the middle segment of the South African housing market continues to slow in November.

Finance Minister Trevor Manuel’s allocation of an additional R13,2-bilion to the social grants programme bodes well for ApexHi Properties Limited’s one million square meter retail portfolio

Wednesday, 23 January 2008 02:00

New work boosts civil construction confidence

THE First National Bank civil construction confidence index jumped from 70 in the third quarter to 83 in the fourth quarter of last year, with greater availability of new work boosting confidence levels.

Construction IndustryThe index, compiled by the Bureau of Economic Research, recovered notably during the fourth quarter of last year after the relatively sharp drop experienced during the third quarter.

According to the index the growth in civil construction activity during the fourth quarter turned out slightly better than expected.

The higher work volumes executed were accompanied by an improvement in profit margins, hence the overall profitability growth of the businesses that participated in the survey.

Tendering competition dropped sharply during the fourth quarter. A drop in tendering competition is normally associated with the greater availability of new work.

The growth in employment expanded relatively sharply, but respondents to the survey indicated that they battled to procure adequate labour resources.

In fact, 98% of the companies polled indicated they were experiencing skilled labour shortages and this constrained their operational efficiency.

The SA Federation of Civil Engineering Contractors reported a further rise in civil construction employment in the third quarter of last year to 121600. This compares with 108300 a year earlier, an increase of 12%.

Indications are that business conditions will remain positive and lively in the first quarter of this year.

 

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