The FNB/BER Building Confidence Index lost 14 points to register a level of 29 in 2Q2018. This is the lowest since 2Q2012. The current level of the index indicates that the majority (more than 70 per cent) of respondents are dissatisfied with prevailing business conditions. The confidence of main building contractors fell marginally by 4 […]
Tag ArchivesProperty
Growthpoint Healthcare Property Holdings launches with R2,4bn portfolio
Growthpoint Properties has launched South Africa’s first unlisted healthcare real estate investment trust (REIT), Growthpoint Healthcare Property Holdings. The introduction of Growthpoint Healthcare has received strong market interest with its first close attracting capital commitments of R285m from third parties. It is expected to raise at least double that again in the next 12 months. […]
What to consider when buying a holiday home
Despite the reducing investment appetite, the demand for holiday homes continues to remain buoyant amongst property investors. According to the FNB Holiday Town House Price Index for February 2018, the demand for holiday homes has remained reasonably buoyant since 2013. After losing some growth momentum earlier in 2017, there has been a renewed year-on-year growth […]
Growthpoint Investec African Properties commences operations
Growthpoint Properties and Investec Asset Management, in partnership with the International Finance Corporation (IFC), have announced the commencement of operations of their pan-African real estate investment business, Growthpoint Investec African Properties (GIAP), which is managed by Growthpoint Investec African Property Management. GIAP has secured capital commitments in excess of US$212 million from several large institutional […]
Short-term holiday leasing: Are you covered?
South Africa remains a popular tourist destination, having welcomed over 10 million visitors in 2017 alone. To capitalise, local homeowners have started to cash in on the short-term leasing trend. According to Airbnb, a leading international short-term lodging specialist, almost 400 000 guests were welcomed to South African Airbnb homes in 2017. While the need […]
Property: Unchanged estimated rate of emigration-related home selling
The 1st Quarter 2018 FNB Estate Agent Survey pointed to a virtually unchanged estimated rate of emigration-related home selling, following a prior a multi-year rising trend which started back in 2014. This leaves the rate of emigration selling somewhat “elevated” says John Loos, Household and Property Sector Strategist at FNB. In the survey, agents were asked to […]
SARB MPC expected to announce 25 basis point reduction in repo rate
By John Loos, Household and Property Sector Strategist, FNB. Our Firstrand expectation is for a 25 basis point interest rate cut in the SARB’s Repo Rate, when its Monetary Policy Committee (MPC) meeting concludes on Wednesday. Should this happen, it would lower the Repo Rate to 6.5%, and the Prime Lending Rate of banks to 10%. […]
Diminishing Musharaka, an alternative way to buy property
Islamic banking offers an alternative to a business or individual looking to buy property, and it is open to anyone to make use of. (more…)
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Final countdown to Old Mutual Limited listing on African stock exchanges
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SARB QB: Current account deficit pushed to highest level in 2 years
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Reaction to NHI proposals following the Minister’s comments today
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SARB Quarterly Bulletin: Personal finances deteriorate in Q1
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Market conditions starting to favour active managers
