Real Estate Investor Magazine South Africa June 2016 | Page 23

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RESIDENTIAL

RETHA SCHUTTE

RHYS DYER

DAVID COHEN

Although house price inflation in Gauteng
province has slowed in past few months, homes
in well-run and well-situated residential and
golf estates continue to show impressive growth.
This is according to Pam Golding Properties’
regional executive, Pretoria and Centurion,
Retha Schutte, who says there remains a strong
demand for properties within a number of
popular residential ‘hot spot’ estates across the
greater Pretoria region.

Property statistics from ooba for the first
quarter of 2016 point to a slowing growth rate
in house prices. Compared to the first quarter
of 2015, the Average Purchase Price increased
by 6.2%, while the First-Time Buyers’ Purchase
Price is up by 5.3% year-on-year. Rhys Dyer,
CEO of ooba, says: “Growth below the current
inflation rate of 7% means property prices are
experiencing negative growth in real terms.

The Signatura group has launched a new
25-unit Green Point development, The Beacon,
injecting an investment of R110 million into this
well-located and increasingly sought-after Cape
Town suburb. “From the developer’s perspective,
acquiring such an extensive, prime site involves
considerable long-term planning and purchasing
power,” said Signatura MD David Cohen. “We
are maximising its potential in line with our
group’s reputation for excellent architecture

Regional Agent

www.reimag.co.za

Statistician

Developer

JUNE 2016 SA Real Estate Investor

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