The sample of agents surveyed in the latest FNB Estate Agent Survey estimated that 11% of home sellers were selling in order to upgrade to a better property during the 3rd quarter of 2017. This is down from the prior quarter’s 13%, and now very
South Africa, a country in serious trouble, is likely to face continued social upheaval, property economist Erwin Rode told the recent Rode-REIM conference at Steyn City.
Rode, co-host of the annual conference, predicted 2% annual growth in South Africa’s GDP over the years 2017-2022, not unlike
Homeowners in Gauteng’s three main housing markets are losing value in their homes. For Q2 2017, the City of Tshwane’s estimated average house price growth rate was 4.48% year-on-year, with Gauteng Consumer Price Index (CPI) Inflation at 5.2% year-on-year for the same quarter of 2017.
The latest FNB Property Barometer reported that the FNB Holiday Town Repeat Sales House Price Index has shown very similar rates of year-on-year growth to the FNB National Repeat Sales House Price Index.
However, a look back over the past 17 years shows the Holiday Town
Sectional Title homes have seen a long term rise in prominence in South Africa’s property trade, driven by a rise in urban living and the demand for a convenient, modern lock-up-and-go lifestyle close to employment and other economic opportunity.
This segment is especially popular among younger, first time