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Based on the latest survey on house price statistics by the Global Property Guide, the property market in South Africa is gradually becoming stable although the slow growth. The price index of the medium sized apartments in the country are seen to be increased by 0.2% since years which is rather lower than the annual growth rate of 2.86% in Q1 and 3.33% in Q4 2012.Since the global financial crisis have started, the price of the houses in South Africa have turned down to 15.5%. This situation was observed in Q4 2007 and Q2 2009. However a...

The retail sector can be expected to be seen with a greater access to varied global insights and resources as South African Council of Shopping Centres (SACSC) signed an agreement with International Council of Shopping Centres.This important deal took place at the 17th Annual Congress of SACSC  at the Sandton Convention Centre on 12th September. With this important deal 2200 members of SACSC will automatically become a member of ICSC. It will be effective from 1st January 2014. Upon this great deal the SASCS CEO Amanda stops said...

SA’s biggest property company “Growthpoint” had suffered from a great loss of R1 billion around the year in the 12 months through June, compared to a loss of R921 million in the previous year. Revenue advanced 9% to R5.8 billion.Growthpoint is now moving ahead to raise as much as R1.5 billion in bond sales for expansion and to refinance debt. According to a statement from Chief Executive Officer Norbert Sasse “We need to look forward the next 1 to 2 years on our total funding requirements.”72% of the...

A lot of variation can be seen in both the average house price of beachfront properties and the average rand per square metre value of these properties. Diversity can also be seen in the prices of properties at beaches within provinces.According to the analysis by the solutions company- Lightstone, the estimated values of around 138 000 residential properties which are situated within 500 meters from a beach and registered at the deeds office. 57 000 of which are registered under a sectional title scheme. As stated by Paul-Roux de Kock-...

On 22nd August, 2013 i.e. on Thursday the property index was on the most worst situation as the index had fallen by 1.63% because of some issues in the local bond yields, which states strongly that the SA Reserve Bank may hike the interest rates before the end of the year. Rob Towell- the Consilium Securities senior said, the increase in the interest rates due to bond yields will greatly affect the property sector. According to RMB, the Forward Rate Agreement market is now being priced with a chance of 80% increment by 50 basis points hike...

Knight Frank - a well established  real estate company founded in 1896 and headquartered in London, has now bonded with South African commercial property service firm, Galetti – and local residential sector company, Anne Porter. Knight Frank is known to be one of the oldest property groups in the world. Currently it employs over 13,700 professionals across 370 offices of which 68 offices are in the UK, 78 offices are in Continental Europe, 53 offices in Asia Pacific, 154 offices in the America and 23 offices in Africa and...

After offshore properties, Sub-Saharan African economy has become the next destination for property investors. These are the top notch locations where the property investors are looking for the real growth in the next decade.Foreign investors consider the Sub-Saharan Africa as a natural resource where the economic growth will move at a remarkable speed during the next couple of years- according to the World Bank's latest report on ‘Global Economic Prospects’. The growth will be seen increasing to 4.9% this year which was 4.4% in...

According to Jay Padayatchi, director at Meago Asset Managers, property investors are likely to be benefitted as the best returns are expected to come from Johannesburg Stock Exchange i.e. JSE’s  offshore listed property than the local property which gives strength to the lower value of RAND.Since mid may constant fluctuations were seen in the property prices. This is prompting investors to think over again regarding their investment in the market. There was a remarkable increase of 35% in 2012, and this growth was also expected...