Historically, South African housing stock has been – and remains – predominantly freehold. However, with space at a premium and a large, young population, the market is experiencing a shift towards sectional title homes, says Dr Andrew Golding, chief executive of the Pam Golding Property group. Says Dr Golding: “Then post-hard lockdown, when work-from-home space […]
2020 Vision Following another year of tepid economic growth, and with the latest round of load shedding further dampening the economy and expected to result in a Moody’s downgrade early next year, where does that leave South Africa’s residential property market? With household finances under pressure for the foreseeable future, the focus is likely to […]
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 […]
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 […]
Check that you have your original Title Deeds before 25 February 2019 While this has probably remained below the radar for many home owners, amendments to Regulation 68 47/1937 of the Deeds Registries Act which were published in January this year (2019) means that there’s a longer, more onerous – and no doubt costlier route […]
How to save time and search for a home within your affordability A foothold on the property ladder is still perceived as one of the most sound approaches to wealth creation. In only 03:32 minutes, Bradd Bendall, GM-Operations of Pam Golding Properties, offers insight into the current lending mood and criteria of banks. Find out […]
Traditionally, property has been viewed as an inflation hedge – an asset which provides protection against rising prices. However, in the decade since the global financial crisis, property has increasingly been viewed as a safe haven – an asset which allows an investor to safely store their wealth during times of market turbulence. This has […]