The annual national residential property price inflation was 5.2% in January 2025, an increase from a revised 5.1% in December 2024.This is according to the Residential Property Price Index January 2025, released by Statistics South Africa (StatsSA) on Thursday.The data showed that the residential property price index (RPPI) increased by 0.4% month-on-month in January 2025. “The main contributors to the...
South Africa's residential rental market has entered 2025 on a high note, exhibiting its most robust performance in years, according to the latest findings from the PayProp Rental Index.In the first quarter of 2025, average national rental growth climbed to an impressive 5.6%, marking the strongest quarterly increase since the third quarter of 2017.This surge pushed the average rent to R9,132, with growth...
Plans to redevelop the Strand Street Quarry into a multi-use community precinct have reached the public feedback assessment phase, following the closure of the official comment period on 30 May 2025.The proposed redevelopment—initially presented for public comment on 17 April 2025—aims to transform the site at the corner of Strand and Hudson Streets, and 101 Vos Street, into a hub of sports, tourism,...
As the country braces for freezing and wet weather conditions over the next few days, the Minister of the National Department of Human Settlements (NDHS) has appealed to residents in informal settlements to be extra careful when using cooking and heating devices. The DHS Minister Thembi Simelane asked these residents to work with the department to prevent deadly and destructive fires in informal...
After nearly a year of repeated appeals, warnings, and growing frustration, railings along a hazardous stretch of Victoria Road in Clifton have finally been installed—just days after the matter was publicly highlighted. Heron Water, a luxury apartment block located just below 64 Victoria Road and overlooking the iconic Clifton 1st Beach, has been at the centre of a safety dispute with the City of...
To unlock job creation, South Africa needs reform to ease barriers to business, align its transport and housing policies, as well as tackle urban planning.This includes prioritising housing near public transport, promoting rental housing near city centres and reforming restrictive building regulations.This is according to the latest Organisation for Economic Cooperation and Development (OECD) report which...
The property sector struggles when there is much international and local uncertainty such as that seen in the first quarter of this year.The first quarter gross domestic product (GDP) number is bad at only 0.1% growth, said Professor Waldo Krugell, an economist within the School of Economic Sciences at North West University (NWU). He said the property sector is captured under gross fixed capital formation...
The real interest rate remains far too high to spur meaningful capital investment by South Africa’s private sector, despite the recent interest rate cut by the South African Reserve Bank (SARB).The bank’s Monetary Policy Committee reduced the repo rate by 25 basis points last week. While the news brought some welcome relief to property owners, it was another disappointment for the country’s real...
South Africa’s commercial property landscape is shifting, as a combination of weak economic growth, elevated interest rates and a sector still recovering from the shocks of recent years has created a tougher playing field.However, this was certainly not an unworkable one, said John Loos, the senior economist at FNB Commercial Property Finance. He said that for developers and businesses with the right...
The construction and built environment buyers in South Africa are facing material shortages, steep price increases, and longer lead times for essentials such as steel, aluminium, solar panels, and electrical components. This was as the sweeping US tariffs are being felt across the globe, even affecting the construction industry at the southern tip of Africa.“Although these are taxes on imports into...
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