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Affordable Housing market still offers a good bet

Eprop Commercial Property Place 05.03.2009

Intro The huge demand for housing in South Africa in the low to moderate income level, combined with declining rates and relative political and economic stability, continues to drive investment in the affordable end of the market

Outlook for residential property remains bleak The Times 06.06.2008	Thirty more units for Darling’s retirement complex Myproperty 04.04.2008
Standard Bank’s median house price fell to 520,000 rand in May from 530,000 rand in April. This was compared to a median house price of around 599,000 rand in May last year.	The not-for-profit Goeie Hoop Behuisingsmaatskappy, an offshoot of the SKDB NG Kerk and now in its 45th year of existence is launching a R25 million extension to its existing Groeneweide Retirement Building in Darling, one the most affordable areas in the entire Western Cape.
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House prices down since 2007 Property24 02.04.2008	Middelburg market slow, but future looks bright Myproperty 01.04.2008
South African house prices fell for the first time in eight years, pushing the March year-on-year (y/y) inflation to a negative 5,2%, new data showed on Tuesday.	While residential property sales are slow in many areas, rentals have picked up and are showing promise for the immediate future. This is most evident in Mpumalanga’s Middelburg district, where buy-to-let was active during the boom times and now investors are starting to reap the benefits.
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Investors capitalise on student accommodation eProp 01.04.2008	Beware the pitfalls of PiPs Myproperty 26.03.2008
Aengus’ latest student apartment development, Parktown Views, has reached full tenancy – with an extensive waiting list of students still interested in renting these trendy apartments	Tougher conditions in the property market are likely to escalate the availability of properties that have been repossessed by the banks as rising numbers of embattled homeowners lose the struggle to keep up with their home loan repayments
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Residential sector to take strain The Times 21.03.2008	SA’s most expensive homes Xolile Bhengu The Times 20.03.2008
While total building plans passed increased in January, the residential sector is still under pressure and will remain so during 2008 due to high interest rates.	Developers of La Residence, arguably the country’s most expensive residential development, would have built three penthouses had they known that demand for one of the two multilevel apartments would have resulted in a heated bidding war.
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