Instead of focusing on rebuilding the country after years of state capture, we were distracted by a sideshow, writes Mandy Wiener.
Mostly sunny. Mild.
With the SA economy expected to grow at less than 1%, this would be insufficient to curb an increase in the vacancy rate of commercial property and to prop up real property values at recent levels, according to John Loos, property sector strategist at FNB.
Ongoing gradual real property price correction can be expected in SA in 2019, according to FNB analysis.
There is a possible oversupply of residential properties in the country.
Mounting affordability challenges have likely caused some slowing in house price growth in the Western Cape in recent quarters, says a property expert.
Estate agents surveyed in the FNB Estate Agent Survey are perceiving a slightly stronger level of activity in the residential property market.
Although the Western Cape is by far the strongest housing market among SA’s major regions, it cannot defy gravity for ever, cautions a property expert.
Early indications point to a renewed near-term slowing in the residential property market, says John Loos, household and property sector strategist at FNB.
Ageing home owners continue to be the single biggest driver of residential property sales in SA, according to the latest FNB Estate Agent Home Selling Survey.
There are signs of South African consumers "deliberately" becoming more conservative in the residential property market, says John Loos, property expert at FNB.
The Western Cape has managed to “buck the trend” of slowing house price growth of late, says John Loos, household and property sector strategist at FNB.
Consumer spending can likely not be the driving force anymore of the outperformance of retail property over industrial property and office space, says John Loos of FNB Commercial Property Finance.
Cape Town is in for a considerable period of slower house price growth, according to John Loos, household and property sector strategist at FNB.
Although it looks like growth in the building sector in SA started 2018 off on a stable footing, John Loos, property economist at FNB, advises caution.
The average house price growth for 2017 is expected to be 3%, says household and property sector strategist at FNB John Loos.
During 2017 the average house price growth in SA is expected to be slower than in 2016, according to John Loos, household and property sector strategist at FNB.
Although the FNB/BER Building Confidence Index has risen back to first-quarter levels, over 60% of respondents are dissatisfied with current business conditions.
The risk of rising retail vacancy rates has been on the increase despite solid real retail sales growth, explains FNB property strategist John Loos.
The impact of the economic slowdown doesn’t appear to have affected the level of selling in order to relocate to other parts of SA just yet, a survey shows.
Zero percent real house price inflation at the current time should not be too surprising as valuers point to a supply-constrained market, says FNB's John Loos.
Rental figures show the residential rental option is broadly becoming more attractive compared to the relatively expensive home buying option, says an expert.
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