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Tough times continue for the property rental market


Tough times continue for the property rental market
This article first appeared in our Property360 digital magazine
Good tenants are still hard to find. In fact, it’s so difficult that many rental agents are even reducing their commission to have the best chance of luring those still in the market.
The battle with rental arrears is also high on the list of challenges, reveals PayProp’s 2021 State of the Rental Industry survey.
Johette Smuts, head of data analytics at PayProp, says the drop in availability of “good tenants” is linked to the fact that many South Africans are suffering financial strain due to the pandemic, while others have taken advantage of low-interest rates to purchase property. ....

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Cracks begin to appear in South Africa's house price market boom


Cracks begin to appear in South Africa’s house price market boom
Ray Mahlaka
Is South Africa’s spectacular house price bounce, which started in the early days of the Covid-19 pandemic, coming to a screeching halt? 
There are signs that the rally is coming to an end, judging from data released on Wednesday, 9 June 2021 by the team of property economists at FNB. 
According to the commercial bank, average house price growth in South Africa fell in May to 4.1% from 4.6% in April. Although the month-on-month decline is marginal (-0.5%) and doesn’t suggest that house prices are starting to fall: it is the first time in 11 months that price growth has fallen.  ....

South Africa , Eastern Cape , Andrew Golding , Siphamandla Mkhwanazi , Reserve Bank , Pam Golding Property , Western Cape , கிழக்கு கேப் , ஆண்ட்ரூ தங்கம் , இருப்பு வங்கி , பாம் தங்கம் ப்ராபர்டீ , மேற்கு கேப் ,

Cracks begin to appear in South Africa's house price...


Is South Africa’s spectacular house price bounce, which started in the early days of the Covid-19 pandemic, coming to a screeching halt? 
There are signs that the rally is coming to an end, judging from data released on Wednesday, 9 June 2021 by the team of property economists at FNB. 
According to the commercial bank, average house price growth in South Africa fell in May to 4.1% from 4.6% in April. Although the month-on-month decline is marginal (-0.5%) and doesn’t suggest that house prices are starting to fall: it is the first time in 11 months that price growth has fallen. 
The housing market has been a bright spot for a pandemic-hit economy as house prices grew every month in 2020 and the first four months of 2021 bucking the downward spiral seen in most other sectors of the economy.  ....

South Africa , Eastern Cape , Andrew Golding , Siphamandla Mkhwanazi , Reserve Bank , Pam Golding Property , Western Cape , கிழக்கு கேப் , ஆண்ட்ரூ தங்கம் , இருப்பு வங்கி , பாம் தங்கம் ப்ராபர்டீ , மேற்கு கேப் ,

SA's sectional title property market on the rise


MONEYWEB
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Total sales have soared from 13% to almost 28% over the past 15 years.
By Palesa Mofokeng
25 May 2021 
12:33 
Image: Shutterstock
Sectional title units are witnessing a renewed rising trend, accounting for 29.3% of total homes sold by the end of 2020.
This staggering rise follows a falloff in housing sales, following the hard Covid-19 lockdown in the first half of the year, says Pam Golding Properties senior research analyst, Sandra Gordon.
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South Africa , Eastern Cape , Andrew Golding , Siphamandla Mkhwanazi , Sandra Gordon , Pam Golding Properties , Pam Golding , Pam Golding Property , Western Cape , Kwazulu Natal North Coast , கிழக்கு கேப் , ஆண்ட்ரூ தங்கம் , சாண்ட்ரா கோர்டந் , பாம் தங்கம் ப்ராபர்டீஸ் , பாம் தங்கம் , பாம் தங்கம் ப்ராபர்டீ , மேற்கு கேப் , க்வஸூல்யூ நேட்டல் வடக்கு கடற்கரை ,