Attacq, the pioneering JSE-listed capital growth property fund, has appointed accomplished property professional Pete Mackenzie as Head of Development, effective from 1 January 2016.

Ooba says the decision today by the South African Reserve Bank to increase interest rates by 0.5% from 6.25% to 6.75% will negatively impact the residential housing markets as many consumers are already facing increasing financial strain through dealing with elevated levels of debt and the rising cost of living expenses.

The Reserve bank (SARB) Monetary Policy Committee (MPC) decided today to hike its policy Repo Rate by a further 50 basis points to 6.75%, a move that will see Commercial Banks raise their Prime rates to 10.25%.

The SARBs Monetary Policy Committee has raised the repo rate by 50 basis points taking it to 6. 75% during its first meeting in 2016.

Steady growth has made Port Elizabeth property a safe as houses investment bet, with new developments matching national trends.

The trouble with house prices is because of a booming market that causes consequence of upbeat consumer confidence.

Property statistics for the fourth quarter of 2015 released by ooba, South Africa’s largest bond originator, show house prices continued to grow in excess of inflation as the demand for residential property remained buoyant despite a weakening economy.

Freedom Property Fund finalises appointment of directors Steven Maritz (Chief Executive Officer), Hugo Amos Lambrechts (Non-Executive Director), Dominique Nel (Executive Director and Alternate Financial Director) and Nicolaas Johannes Retief (Independent Non-Executive Director) following completion of background and qualification checks.

Residential property growth in Gauteng has been lacklustre at best over the past two years, with prices for existing properties achieving little to no growth (once adjusted for inflation).

Home loan market still being driven by first time home buyers.  54% of applications are currently from first time homebuyers.