Pam Golding Properties Group Newsletter
PGP logoDate: January 2012

Andrew Golding
Dr Andrew Golding
Chief Executive
Pam Golding Property Group

Review of South African residential housing market 2014

As 2014 draws to a close, it’s interesting to take a look at how South Africa’s residential property market has fared, and where it is headed in 2015.

To start with the all important question of house price growth, 2014 has been the year when house prices have finally started to really move into above inflation positive territory for the first time since the 2008 recession ended. This trend has been a consequence of a number of factors including, pent up demand, a general improvement over the past seven years in individual balance sheets, a historically low interest rate environment, the return to some extent of the foreign buyer and perhaps most importantly the relative relaxation of stringent mortgage lending criteria. In the latter half of the year the pace of house price growth has slowed, still at above inflation growth rates but also reflecting the growing pressure on household disposable income, the impact of the recent, albeit modest interest rate hikes and the renewed slump in business and consumer confidence.

Encouragingly however, there is little evidence of a residential housing bubble. When adjusting for inflation, the increase in real prices over the period since the end of the 2008 recession has been marginal. Furthermore, when comparing house prices against disposable income and rental, the South African residential market is estimated to be broadly in line with its long term average – in other words, neither over nor undervalued.

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Ballito - R29,5 million

Architectural masterpiece

Embraced by the picturesque splendour of the Zimbali Coastal Forest and its beautiful fairway setting this home is the very epitome of the finest architectural design

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In This Issue

Residential Property For Sale

Stable repo rate – a confidence booster among home buyers

Residential Property For Rent

First Impressions – tips to help you prepare your residential property for letting

International Property

Eden Bleu Hotel – the final part of Seychelles’ most successful development

Hospitality Property

Western Cape outperforming other provinces – in growth in hotel sector

Agricultural Property

The Karoo takes centre stage – moving in a direction that is encouraging sustained growth


The Prestwich new development to launch in vibey Green Point

Prestige Collection

Prestige Collection these are the top listings from across our portfolio across Southern Africa


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