The affordable housing sector has lashed out at the President Cyril Ramaphosa-led government saying that, despite another year under its belt, it still has not fixed the bottom-end of the property sector that affects tens of millions of South Africans.This comes as the country heads toward another difficult State of the Nation Address for President Ramaphosa on Thursday evening - in the backdrop of an...
It is business as usual for the property market, despite Expropriation Act of 2024 noise, says Samuel Seeff, the chairman Seeff Property Group.In fact, Seeff says the property market has started this year on a better footing compared to last January following three successive interest rate cuts which have hugely boosted affordability and confidence in the property market.He said that residential property...
The signing of the Expropriation Act into law has been one of the most topical subjects of 2025 so far, with the recently elected US President Donald Trump taking aim at the law on Monday, sending the rand into a tailspin. ;The main question many South Africans are asking is how the law will impact residential property owners, buyers, sellers, and investors. ;Samuel Seeff, Chairman of the Seeff Property...
There is a new trend in hiring activity which showed that there is a demand for Design, Media & Arts professionals has increased by 22% particularly for jobs roles such as Journalism / Writing /Editing and Interior Design.This according to a comparison to hiring activity over the last three months (October, November, December 2024) with the previous three months (July, August, September 2024).This data was...
The South African property market is one of the sectors that could see direct and indirect influence from the policies and global economic shifts triggered by the new United States President Donald Trump.This is according to Adrian Goslett, Regional Director and CEO of RE/MAX of Southern Africa, who said that global politics always has an impact on local markets."While the South African property market is...
An electricity tariff hike, announced on the same day as an interest rate hike has left South Africans no better off than before the latest 25bps announced by the Reserve bank.Even though there have been three consecutive interest rate cuts - the latest of 25bps by the SA Reserve Bank today - affordability is still a major barrier for potential property buyers, according to the Rawson Property Group.The...
The recent response to President Ramaphosa's assenting to the Expropriation Act has sparked significant debate. Critics have expressed concerns, suggesting it may lead to reckless land grabs and an erosion of property rights. Some have framed this as a land seizure law. Potential for Land Grabs: Critics argue that the Act could enable the government to arbitrarily seize land without...
Consumer inflation in South Africa dropped to its lowest in four years in October, setting the stage for another interest rate cut by the South African Reserve Bank (SARB) this week. Statistics South Africa (StatsSA) said that the consumer price index (CPI) increased by 2,8% in the 12 months to October 2024. “This represents a sharp decline from 3,8% recorded in September. October’s print is...
Balwin Properties’ headline earnings fell 57% to 16.26 cents a share for the six months to August 31 after activity in the residential property sector remained under significant pressure, mainly due to the prolonged high interest rate environment. The developer of large, middle-to-upper income sectional title estate's revenue decreased 28% to R852.7 million, while profit for the period fell by 57% to...
The third quarter of 2024, to the end of September, produced bumper returns for South African investors, with the JSE having its strongest third quarter in 11 years and local bonds also performing strongly. Returns from global equities and bonds, however, were muted. The quarter also saw the rand strengthen against the US dollar, inflation continue its downward trend and, to the relief of consumers...
Compare listings
Compare