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Continent must plan now for fastest growing urban populations 'Land tenure, access to affordable housing finance and cost-effective construction methods and materials ...
COMMERCIAL: Investors wrung out to dry  Owners are moving outside the country, as local operating costs rocket.
Property market stirred but not shaken  The weak economy has taken a toll on the property market countrywide, but the Western Cape has not fared too badly.
Retirees want to downscale without sacrificing their lifestyles.  The lifestyles of retirees are changing and the market must adapt.

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What experts predict for property in 2019

The country’s real estate market has struggled this year, but is expected to lift after next year’s elections

This year has been challenging for the country’s property market with political instability, rising inflation, recession and record fuel prices the major hurdles.

While the situation is predicted to improve in 2019, experts say this is likely to occur in only the mid to later part of the year.

“Despite all the challenges, the real estate sector has remained more buoyant than many expected,” says Mike Greeff, chief executive of Greeff Christie’s International Real Estate, adding that the outlook for 2019 “seems quite promising”. He says the results of the election will provide more clarity.

“Foreign investor confidence is also gradually on the rise due to Moody’s rating the country as stable. The Cape water crisis, which dampened the market, has been averted and the Reserve Bank has kept repo rates stable for the time being, despite calls for an interest rate increase.”

Read more: What experts predict for property in 2019

 
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Business

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Governor of the SA Reserve bank Lesetja Kganyago has announced that the bank will raise the repo rate to 6.75% from 6.5%.The rates call was made at a media briefing in Pretoria. The repo rate is the benchmark interest rate at which the central bank lends money...

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The South African economy may still be in decline, but the latest BankservAfrica economic transaction index (BETI) shows some growth in August.The economy has been battered by a slew of recent negative economic news, from  Read More...

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Politics

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Firebrand Economic Freedom Fighters leader Julius Malema launched a scathing attack on...

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French arms company, Thales, which has been charged along with former president Jacob Zuma in his corruption case, is seeking a permanent stay of prosecution to have the charges against it reviewed and set aside.Thales lodged the application with the Kwazulu-Natal...

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Sports

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Cape Town -  An unchanged Springbok starting side will take on Wales in the final Test match of the 2018 Outgoing Tour to the United Kingdom and Europe in Cardiff on Saturday.The Test at the Principality Stadium, the fourth of the Springboks’ tour to the...

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Cape Town - The leadership of Western Province Rugby has moved to distance themselves from reports of a 5% salary cut for all staff, management and players...

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