Property investment decisions are big decisions that need a proper landscape to provide direction.

Friday, 18 October 2019 09:24

Residential building statistics

Continued evidence of some diverging trends at segment level in the planning and construction phases of residential building activity.

"Amidst the tough trading conditions and the subdued performance of the real estate sector as a whole in South Africa, Spear should be one of a REIT investors go to stocks.''

Outstanding private sector mortgage balances (R1 465,5 billion and 38,2% of total privatesector credit balances of R3 839,4 billion), which include both corporate and household mortgage balances, increased at a rate of 6,7% y/y up to end-August (6,3% y/y at end- July). 

“Won’t it be cheaper to build?” is a question trusted property advisors often hear. 

2nd Quarter 2019 StatsSA employment data for the Finance, Real Estate and Business Services Sector suggests likely slowing demand for office space.

A growing trust deficit between the government and the private sector threatens to derail efforts to turn around the struggling construction sector, but government is intensifying its efforts to build meaningful relationships with the industry.

Commercial property development company, Heartwood Properties , has revealed a 30% increase in their portfolio value, and a 29% increase in net asset value at the end of their first year as a listed company on the 4AX (4 Africa Exchange).

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.

Nigeria’s economy is showing some green shoots that point to improved growth in the coming quarters but the outlook has done little to bolster investor confidence in the local retail and office market sectors.

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