Property markets through the ages have behaved in cyclical patterns and there is nothing to suggest that the current environment is systemic or permanent While current market conditions are dominated by political and economic headwinds, there is a sense firstly that the economy has the potential to improve in the near term and that from […]
Signs that the residential property market is beginning to stabilise Overall, 2019 is proving to be another year of tepid economic growth (see chart below), resulting in yet another year in which government revenues have disappointed – placing additional pressure on the country’s financial situation and in turn, on consumers. SOURCE: SA Reserve BankSARB GDP […]
Meaningful confidence boost required to stimulate the property market Sentiment is a key driver of investor confidence and the residential property market is no different in this regard. So while today’s announcement by the Monetary Policy Committee that the repo rate will remain unchanged is positive in terms of stability, it is unlikely to stimulate […]
Signs of an emerging turnaround in residential property activity are continuing The housing market in South Africa demonstrates ongoing resilience despite the challenges of a muted economy and socio-political impacts. This is according to Dr Andrew Golding, chief executive of the Pam Golding Property group, who says that promising signs include a decline in ‘time […]
Halfway Gardens still provides considerable value for money Affordability continues to drive demand in the established Midrand suburb of Halfway Gardens, with buyers being drawn to its varied property offering and accessible prices. “Buyers can choose from a range of sectional title, cluster and freehold homes for under R3.5 million,” says Baby Sebolai, Pam Golding […]
The surge in first-time buyers entering Cape Town’s property market – a notable 3.3 times more than this time last year – augurs well for a gradual house price recovery in the next few months, says Dr Andrew Golding, chief executive of the Pam Golding Property group. According to FNB economist Siphamandla Mkhwanazi, the latest […]
Today’s repo rate reduction of 25bps (to 6.5%), coupled with early indicators of recovery in the South African residential property market augur well for the balance of the year. “Time to buy is certainly now.” – Dr Andrew Golding, CE of the Pam Golding Property group They also underscore the opportunity for home buyers to […]
Dr Andrew Golding comments In what was arguably one of the most closely watched National Budget speeches in recent years, Finance Minister Tito Mboweni outlined Government’s plan to boost growth, increase tax collection and reduce debt, with strong attention paid to Eskom and SOEs. A clear thread running through the Budget Speech was a need […]