Much in line with developments in 2018, private sector-financed building activity (see explanatory note) in the South African market for new housing showed divergent trends in early 2019, based on data released by Statistics South Africa.

Residential property market sentiment in South Africa increased over a wide front in the final quarter of 2018 on the back of an improved economic performance.

Private sector-financed building activity (see explanatory note) in the South African market for new housing remained subdued in the first eleven months of 2018, based on data released by Statistics South Africa.

Residential building activity in the planning phase improved, with the construction phase contracting in the first four months of 2018.

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