2018 was a challenging year for the South African property market, with negative real price growth in the residential property market and slowing market activity.

After an unexpectedly tough 2018, but with the welcome announcement that the repo rate remains unchanged following this first MPC meeting of the year, the outlook for 2019 is somewhat brighter.

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.

Broll Property Group (Pty) Ltd announced this morning that it has ended its affiliate partnership with US-based CBRE Group, Inc.

Following S&P Global Ratings’ confirmation of NEPI Rockcastle’s BBB/Stable/-- rating in response to the publication of a report on NEPI Rockcastle by Viceroy Research. 

The SA REIT sector is set to deliver double-digit total returns to investors next year.

With sales of R150 million to date, only 52 out of the total of 143 apartments are still available for purchase in the brand new, designer apartment development, Le Boulevard, in the heart of uMhlanga on the rapidly expanding KwaZulu-Natal North Coast, according to Carol Reynolds.

After rising to 35 in 3Q2018, the FNB/BER Building Confidence Index fell back to 32 in 4Q2018. 

Growthpoint Properties continues to grow internationally with a further ZAR908 million investment in Australia.

Wednesday, 05 December 2018 19:24

SA exits technical recession in third quarter

South Africa has come out of a technical recession with the economy growing by 2.2% in the third quarter of 2018, said Statistics South Africa (Stats SA).

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