After a sharp drop in residential property unit sales in South Africa in 2020, total unit sales rebounded strongly to 318 152 in 2021, according to Lightstone statistics. This represented a robust 21.4% increase from unit sales of 262 104 in 2020 and a 3.0% increase on pre-Covid sales of 308 818 in 2019. Source: Lightstone Says Dr […]
Highlighting all the key issues and emphasising the action to be taken in the months and year ahead, the new Minister of Finance Enoch Godongwana’s Medium Term Budget Policy Statement is expected to boost market confidence, says Dr Andrew Golding, chief executive of the Pam Golding Property group. Says Dr Golding: “In addition to reassuring the […]
Analysing 15 cities across the globe, a report by international property firm, Savills, reveals that in the first half of 2021, 80% of locations saw transaction volumes for end-user residential property exceed H1 2019 figures. Says Dr Andrew Golding, chief executive of the Pam Golding Property group, which is the exclusive residential real estate partner for Savills in […]
Faced with recent setbacks to the economic recovery and with inflation hovering close to the mid-point range of the inflation target, as widely anticipated, the Monetary Policy Committee’s stance remains supportive of the economy by keeping the repo rate at near five-decade lows (3.5%). This means the prime interest rate holds steady at 7%, says […]
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