May 2018 saw the FNB House Price Index growing by a faster 4.6%, year-on-year, up from the previous month’s 3.8% in April, and from a February 2018 low of 2.8%.

JLL’s Q1 2018 market reports unpack topical trends impacting South Africa’s main office, industrial and retail markets in the commercial real estate sector.

The latest figures from the respected property analysts Lightstone bear out the bullish statements that he has from time to time made about the prospects for what is arguably the Cape Town Northern Suburbs’ most prestigious and popular suburb, Durbanville, said Rowan Alexander, Director of Alexander Swart Property, this week.

As expected, the Monetary Policy Committee kept the repo rate stable, with analysts and market commentators ahead of today’s announcement (24 May 2018) pointing to a more hawkish stance amid a weaker rand.

Loftus Park, the dynamic new mixed-use green precinct in Pretoria, celebrated its much-anticipated official opening today.

Amidst serious political turmoil, the South African property market ended 2017 on a better footing, with industrial property and flat rentals managing to outpace inflation.

The first phase of Loftus Park opened in Pretoria today introducing some 34 000m2 of A-grade office space, a premium gym, open air piazza with restaurants and a convenience retail.

Our Firstrand expectation is for a 25 basis point interest rate cut in the SARB’s Repo Rate, when its Monetary Policy Committee (MPC) meeting concludes on Wednesday. Should this happen, it would lower the Repo Rate to 6.5%, and the Prime Lending Rate of banks to 10%.

Renewed energy has been the hallmark of the Gauteng market since the beginning of the year; the change underpinned by a more positive national sentiment prompted by the change in national political leadership.

“It was a stable start to the New Year with the Reserve Bank today announcing no change in the repo rate at the conclusion of its Monetary Policy Committee meeting, as forecast by various market commentators,” says Dr Andrew Golding, CEO of the Pam Golding Property group.

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