“Today’s announcement by the Monetary Policy Committee of a further 25bps repo rate cut, bringing the prime rate to 11%, is very encouraging news for aspirant home buyers and those with existing mortgages, particularly as the outlook for interest rate relief has shifted significantly during recent weeks. This is the third consecutive interest rate decrease, following reductions […]
In 2022, the value of all global real estate – comprising residential and commercial real estate, and agricultural land – reached $379.7 trillion, maintaining the asset’s position as the world’s most significant store of wealth. This is according to research by global real estate services provider, Savills, who point out that real estate is more […]
Pam Golding Properties has swept the boards in the world-renowned International Property Awards 2021-2022 winning no less than seven awards for: International Overall – Best International Real Estate Agency Marketing International Regional – Best Real Estate Agency over 20 Offices Africa International Regional – Best Real Estate Agency Website Africa International Regional – Best Real […]
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 […]
Cape Town’s iconic and much-loved Baxter Theatre has received a boost with a five-year sponsorship from the Pam Golding Property group, as part of the company’s corporate social investment programme – the Heart of Gold Trust. Through the Heart of Gold Trust, the Pam Golding Property Group has embarked on a number of initiatives in […]
According to global real estate services provider, Savills, real estate investment worldwide has shown staunch resilience in the face of the Covid-19 pandemic. Says Paul Tostevin, director, Savills World Research: “Global real estate investment volumes bounced back in 2021 . Attractive among investors seeking diversified income streams, funds targeting real estate reached new highs last year, with […]
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 […]
One of the noticeable trends in the residential property market this year has been a discernible uptick in demand for luxury homes in the R10 million-plus price band – a sector where freehold properties have enjoyed an increase in demand, says Dr Andrew Golding, chief executive of the Pam Golding Property group. “Much of this demand […]