Today's Big Stories

Why SA property prices may drop in 2016

Credit ratings agency Fitch Ratings has warned that house prices in South Africa, in real terms, are likely to decline over the next 12 months.

The agency claims real price deflation may affect the property and mortgage markets well into 2017.

Property economist John Loos explained that the real price will depend on economic factors such as GDP growth, consumer confidence, interest rates and job creation.

Listen to the full conversation from The Midday Report with Stephen Grootes:

We could see a sizable real price correction over the next number of years.

John Loos, Property Economist at FNB

Whether it would go into full nominal price decline will depend on how bad the economy gets.

John Loos, Property Economist at FNB

If we get a severe recession, then we might get to a stage of all out price decline.

John Loos, Property Economist at FNB

We're not in good shape at the moment and the housing market is by and large about the economy.

ohn Loos, Property Economist at FNB

Recommended

by NEWSROOM AI
Read More
 R440 million Casablanca property in Camps Bay reckoned as SA's priciest home

R440 million Casablanca property in Camps Bay reckoned as SA's priciest home

Got R440-million lying around for 8 bedrooms, triple-volumed reception rooms and a parquet-floored garage that can house 14 cars?

5 trends that are changing the shape of residential property in South Africa

5 trends that are changing the shape of residential property in South Africa

Freestanding or sectional title? CBD or suburb? Swimming pool or solar panels? The nature of residential property is changing.

What 6 million rand can buy you in estate these days

What 6 million rand can buy you in estate these days

After a recent visit to the security quarters at President Zuma's private Nkandla home, we find out if he got 'his' money's worth.

Austrian lottery raffles SA property and other assets with good odds

Austrian lottery raffles SA property and other assets with good odds

Lottery 001 raffles villas, cars, boats - you name it. An Austrian associate at the firm that oversees property lottery explains.

Why more Joburgers are flocking to buy property in Cape Town

Why more Joburgers are flocking to buy property in Cape Town

According to Pam Golding Properties, up to 40% of property buyers on the Cape's Atlantic Seaboard at the moment are from Gauteng.

Popular articles
Enjoy life and save for the future by splitting income using the '50/15/5 rule'

Enjoy life and save for the future by splitting income using the '50/15/5 rule'

You only live once — personal finance guru Warren Ingram on divvying up your income if you're not the budgeting type.

South Africa is flirting with recession. Again. How to 'create your own economy'

South Africa is flirting with recession. Again. How to 'create your own economy'

The timing could not be better to create your own economy, says small business guru Pavlo Phitidis.

You can now apply to generate electricity and feed it into the grid

You can now apply to generate electricity and feed it into the grid

The change comes after Energy Minister Jeff Radebe told the National Energy Regulator of SA to license applications to do so.

[WATCH] Twin toddlers climbing a fridge has Twitter in stitches!

[WATCH] Twin toddlers climbing a fridge has Twitter in stitches!

Khabazela shares tweets and Facebook posts that have gone viral.

'If you want to clear your name, why would you postpone your swearing-in?'

'If you want to clear your name, why would you postpone your swearing-in?'

Former ANC MP Melanie Verwoerd says she is not convinced by David Mabuza's reason to temporarily step aside as an MP.

'Thuli Madonsela’s name has been mentioned for Deputy President'

'Thuli Madonsela’s name has been mentioned for Deputy President'

Lumkile Mondi (Wits), Ferial Haffajee and Busisiwe Mavuso (Business Leadership SA) on the President's upcoming "slim" Cabinet.

[Exposed] Car dealerships, banks in cahoots; you’re not always getting best deal

[Exposed] Car dealerships, banks in cahoots; you’re not always getting best deal

Consumer journalist Wendy Knowler uncovered evidence of banks sending dealer principles on holidays abroad for hitting targets.

Running Bidvest doesn’t scare me! - Mpumi Madisa (39)

Running Bidvest doesn’t scare me! - Mpumi Madisa (39)

Madisa will soon become Bidvest’s CEO and the only black woman CEO of a JSE Top-40 company. At 39, she’ll also be the youngest.