• The housing market was driven by a range of economic, social, cyclical
and structural factors since 2000.
• These factors include low interest rates, strong economic and household
income growth, a rapidly growing middle class, an increasing scarcity of
development land, a strong investment focus and changes in residential
living trends.
• Nominal house price growth in 2000-2007 was around 19% per annum
(about 13% per annum in real terms).
• As a result of strong growth in property prices, housing in general became
increasingly less affordable, which eventually led to a declining trend in
price growth since late 2004.
• The rising trend in interest rates since June 2006 on the back of
inflationary pressures, together with the effect of the National Credit Act,
had influenced housing affordability and will contribute to house price
growth slowing down further in 2008.
• More recently, infrastructure related issues, especially with regard to
electricity, are expected to influence the property market.
Property Portfolio
Western Cape, Yzerfontein
State of the art - R 2 550 000
Western Cape, Langebaan, Myburgh Park
The end of your search - R 2 200 000
Western Cape, Langebaan, Myburgh Park
Prime position, priced to sell - R 1 980 000
Western Cape, Langebaan, Paradise Beach
Mediterannean meets Africa - R 2 750 000
Western Cape, Saldanha
Incredible value - R 785 000
Western Cape, Saldanha
Garden of Eden - R 1 045 000
Western Cape, Vredenburg
Affordable Golden Oldie - R 885 000
