Residential Property Market

Prime residential prices in Nairobi slide by 6.5% in the 12 months to March 2019.

Nairobi’s luxury home prices soften further

Prime residential prices in Nairobi slide by 6.5% in the 12 months to March 2019, according to the Knight Frank Prime Global Cities Index (PGCI) for the first quarter. ... Full story

Even though the Zimbabwe property market faces many challenges, it has always been characterized by a high demand and a corresponding low supply – ensuring that the market has always been very active.

A snapshot of the property market in Zimbabwe

Even though the Zimbabwe property market faces many challenges, it has always been characterized by a high demand and a corresponding low supply – ensuring that the market has always been very active. ... Full story

From a housing perspective, a pilot project with R950 million over three years to help first-time home buyers acquire a home are welcome news, says Dr Andrew Golding, CE of the Pam Golding Property group.

Budget 2019: No quick fix for South Africa, but there’s some hope

In what was arguably one of the most closely watched National Budget speeches in recent years, Finance Minister Tito Mboweni outlined Government’s plan to boost growth, increase tax collection and reduce debt, with strong attention paid to Eskom and SOEs. ... Full story

Charles Mwaura said that individuals, who own huge tracts of land have been invited to become partners in the implementation of the mass housing programme.

Kenya invites private land owners for affordable housing program

Kenya will partner private landowners to implement a development blueprint on affordable housing, Charles Mwaura, Principal Secretary of the State Department for Housing and Urban Development, said on Friday. ... Full story

Rhys Dyer, CEO of ooba, says: “Uncertainty around impending South Africa’s land reforms as well as an increase in the prime lending rate to 10.25% in November probably contributed to the slowing property growth in the last quarter of 2018.”

Bank lending remains positive despite 2018’s sluggish property market

2018 was a challenging year for the South African property market, with negative real price growth in the residential property market and slowing market activity. ... Full story

As the country’s economic powerhouse, Gauteng region continues to be a sought after location for many buying properties, particularly those looking for homes priced under R1.5 million – including first-time home buyers.

Gauteng remains South Africa’s largest housing market

Gauteng remains South Africa’s largest housing market, with just over a third of the nation’s total housing stock. ... Full story

Steve van Wyk, Seeff’s MD in Centurion says when two properties are similarly priced it is first impressions and small details that will be the distinguishing factors.

How to ensure buyers notice your property right away

South Africa — The latest FNB and ABSA property data shows that properties are staying on the market for longer and an increasing number of sellers having to cut their asking price. ... Full story

My advice to first-time buyers would be to try and purchase in the first half of the year while the property market continues to lean in their favour, says Adrian Goslett

Tips for Purchasing Real Estate in 2019 — South Africa

This year holds the potential to be an interesting one for South Africa. Shortly recovered from a recession and with lower fuel prices, SA seem to be starting the year better off than on what we ended it. ... Full story

African real estate market gained traction in 2016, notably in the hotel, retail and residential sectors. One hopes that, in 2017, there will be fewer economic and structural difficulties on the continent, said Ortneil Kutama.

African real estate market still standing after tough 2016

African real estate has had a tough year navigating diffcult economic conditions. Most investors on the continent remain private equity groups as opposed to long term investors or Real Estate Investment Trust ( Reit) investors. ... Full story

Real estate developers have been pouring money into new investments at a frantic pace in Rwanda's property market. [FILE PHOTO: Kigali CBD]

Rwanda’s Property market indicates a bubble is about to burst

KIGALI — Real estate developers have been pouring money into new investments at a frantic pace in Rwanda's property market, fueling concerns that a bubble may be unavoidable. ... Full story

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