Last year was a mediocre one for South Africa: the JSE ALSI ended 2015 only 5.13% up over the 12 months and GDP growth was well south of 2% for the full year.

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.

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

The pressure that for some two years now has been felt by the South African consumer, although regrettable, could be having a beneficial effect in one respect.

Economically, we are likely in the early stages of what I call the “stagnation” or “correction” phase of the economic super-cycle, “early” meaning perhaps 4-8 years in (depending on whether you ignore the short growth up-tick around 2010/11 and start the clock in 2008, or otherwise start counting from 2012), and the length of such super-cycle stagnation phases can conceivably roll on for far longer than that.

The China slowdown and current uncertainty surrounding US interest rate expectations has hit emerging markets hard.

According to John Truter, Chief Operating Officer, WSP | Parsons Brinckerhoff, Structures, Africa, there are three mega trends driving the commercial property industry.

Morningside Shopping Centre achieved a record performance in September, notching up its highest monthly turnover since this iconic centre first opened in June 2009. Overall, the popular bespoke community centre in Sandton is delivering growth of 10% year-on-year.

Knight Frank today announces its financial results for the year ended 31 March 2015 reporting a record £162m profit and £443m turnover.

The traditional shopping centre model is turning on its head, according to indicators emerging from research covering two million square metres of retail space across South Africa.

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