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Land debate 'spooks foreign sales' The land restitution and expropriation of property without compensation debate has dented sales to foreigners ...
Joburg discusses inclusionary housing with property developers A public hearing was held last week to discuss the City of Johannesburg's new proposal to force property developers ...
R17m electricity bill last straw for Brixton resident  A Brixton resident is reeling after receiving a R17 million bill from the City of Joburg for water and electricity.
What kind of property your money buys in other countries South Africans considering emigration as a means to fulfil, improve or change their lives ...

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FNB: property prices to decline further

The average house price growth is likely to be slower than anticipated for this calendar year, with FNB forecasting another year of decline in house prices after taking in account the impact of inflation.

FNB is forecasting an average house price growth of 3.5 percent on the basis of house price data available for the first seven months of the year.

John Loos, a household and property sector analyst at FNB, said this was based on a gross domestic product forecast of 1.3 percent for this year, which was unchanged from last year.

Loos said that FirstRand expected slightly faster economic growth next year at about 1.6 percent, which would translate into a slightly faster average house price growth forecast of 3.7 percent.

He said the consistently negative real house price growth since early-2016 led FirstRand to believe that economic growth rates of 1 percent to 1.5 percent, along with little interest rate stimulus, were not be sufficient to create the level of housing demand that could mop up oversupplies, balance the market and lead to positive real house price growth.

Read more: FNB: property prices to decline further

 
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Business

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Eskom did not have to implemented rotational load shedding on Tuesday and the prognosis remains low for Wednesday morning.

This is the same as the risk of load shedding Eskom advised on Monday.

"There is a low probability of rotational load...

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WomENG, an organisation for women engineers, is calling for the removal of Manglin Pillay as the CEO of the South African Institution of Civil Engineering (SAICE) over an article he wrote questioning the place of women in the industry.Pillay’s removal will set...

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Politics

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South Africa's largest organised farmers' body will keep an eye on the ANC's plans to target 139 farms in test cases for expropriation without compensation and will go to the Constitutional Court if necessary, it says.On Sunday,  Read More...

Land expropriation, South Africa's ailing economy and gender-based violence are some of the issues which are expected to be discussed during the Cabinet lekgotla this week.The two-day gathering, currently under way in Pretoria, focused on the state of the economy...

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Sports

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Cape Town - Former Proteas batsman Colin Ingram is healthy once again after being struck down with a mystery illness.The 33-year-old, who is the captain of English county side Glamorgan, missed two games in the T20 Blast recently when he was rushed to hospital...

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Cape Town - Two South African cricketers were seriously injured after being attacked by a gang of thugs in England late last month.According to  Read More...

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