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Affordable Housing market still offers a good bet

Eprop Commercial Property Place 05.03.2009
Affordable Housing market still offers a good bet

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

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.

House prices down since 2007

Property24 02.04.2008
House prices down since 2007

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.

Middelburg market slow, but future looks bright

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.

Beware the pitfalls of PiPs

Myproperty 26.03.2008
Investors capitalise on student accommodation

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

Beware the pitfalls of PiPs

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

SA’s most expensive homes

Xolile Bhengu The Times 20.03.2008
Residential sector to take strain

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.

MODEST ABODES: Prices for the 152 apartments at La Residence range from R3 -million for a one-bedroom unit to more than R25-million for each of the six other ordinary penthouses

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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