“The near-universal lockdown of global economies earlier this year (2020) as governments attempted to contain the Coronavirus is unprecedented, with the social and economic consequences of the initial lockdown and subsequent gradual easing of restrictions still unfolding, making predictions in terms of the economy – and South Africa’s housing market – extremely difficult. The level […]
The far-reaching lockdown experienced by homeowners in South Africa has no doubt provided much food for thought and room for introspection, most likely mainly around re-evaluating lifestyle and long-term goals, but also their immediate surrounds – their homes. Says Dr Andrew Golding, chief executive of the Pam Golding Property group: “Having been isolated in the […]
As the Covid-19 pandemic sent much of the world into lockdown, significantly negatively impacting the world economy, global real estate activity slowed dramatically. Now the majority of countries around the world are loosening restrictions, with many people returning to the workplace. But how have property markets responded? Citing Savills Global Market Sentiment Survey, Dr Andrew […]
Getting onto the property ladder during Covid-19 With the arrival of Covid-19 and the subsequent effect on the economy, does it still make sense to enter the property market and commit to buying your first property, or to build a property portfolio? If so, what are the best ways to go about this and what […]
The further reduction of the repo rate by 25 basis points to an all-time low of 3.5% takes the prime interest rate down to 7%, says Dr Andrew Golding, chief executive of the Pam Golding Property group. “Having already slashed the repo rate by 275 bps to soften the effects of Covid-19, the Reserve Bank […]
Against the backdrop of ongoing measures to address the Covid-19 pandemic in South Africa, the Supplementary Budget 2020 highlighted several key aspects, says Dr Andrew Golding, chief executive of the Pam Golding Property group. “Apart from the health and safety aspects so crucial to reducing the impact of this humanitarian crisis, the prioritisation of infrastructure […]
Every person has different circumstances and their financial situation is unique. There is no one simple answer to fixing your interest rate on your home loan. There are some important factors that should be considered. The prime lending rate in South Africa was at 10% at the beginning of 2020, and is now sitting at […]
The listed property sector has taken a pounding throughout the Covid19 lockdown, the reaction of affluent investors is to hurriedly move their funds into high-end brick and mortar instead. As per Retha Schutte, Regional Executive of Pam Golding Properties Pretoria says that in Pretoria, it is evident that there is a surge in interest recently […]
With residential real estate agents given the green light to re-open their doors on 1 June, Pam Golding Properties has already been hard at work behind the scenes, getting the entire business into a state of readiness in order to comply with the health and safety protocols specific to real estate as set out by […]
In the current economic environment, you may find that the property comes within the price range of more buyers, but there are also a number of factors that one needs to consider. Figuring out the best time to purchase a property is a subjective matter. You need to know the price that you are comfortable […]