South Africa

There is nothing stagnant about the property industry and Private Property will keep you in the loop through its dedicated Property News portal. Important elements such as whether it’s a buyers’ or sellers’ market, industry trends, and property news specific to South Africa are covered in this section.

Market Industry Private Property South Africa

SA rentals offer terrific value to foreigners — News

SA rentals offer terrific value to foreigners

Upmarket rentals are proving a hit with foreign business executives, diplomats and professionals who are on assignment to this country.

Affordability under pressure — News

Affordability under pressure

Rising costs across the board are starting to affect property affordability, according to a recent report.

No drop yet in housing demand — News

No drop yet in housing demand

In the financial year to end-February, the average price of homes on which new bonds were approved rose by 6,3% to just over R1m.

The war of the floor tiles — News

The war of the floor tiles

A recent court case has highlighted the fact that while a body corporate has a right to enforce rules, it needs to do so amicably.

Mounting risks for residential property market — News

Mounting risks for residential property market

The economic and political issues facing the country could have a detrimental effect on the residential property market.

Expropriation Bill gets passed — News

Expropriation Bill gets passed

With all eyes on the budget during the last week of February, the government hurried through the Expropriation Bill.

Further hike in interest rate not supportive of housing demand

The increased repo rate is unfortunate, given the need to help stimulate growth in SA economy.

Rate increases by 25 basis points — News

Rate increases by 25 basis points

As expected, the Reserve Bank has announced another rate hike at today’s Monetary Policy Committee meeting, bringing the benchmark repo rate up to 7% and the prime lending to 10.50%.

Rate hike as expected, but property market still remarkably resilient — News

Rate hike as expected, but property market still remarkably resilient

Today’s interest rate hike is exactly as expected. What does it mean for the property market?

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