Real Estate Investor Magazine South Africa Real Estate Investor Magazine - August 2017 | Page 19

RESIDENTIAL
LEW GEFFEN
CHAIRMAN OF LEW GEFFEN SOTHEBY’S
INTERNATIONAL REALTY
Flat rentals in Johannesburg were again
the best performer as rentals here showed
growth of roughly 7%. This was followed by
Cape Town and Pretoria at 6% and Durban at
5%. Over the same period, consumer prices
- excluding owners’ equivalent rent - showed
growth of 7%, so in Johannesburg nominal
rentals were able to grow at the inflation rate.
www.reimag.co.za
SHAUN RADEMEYER
CEO OF BETTERBOND
The statistics show that the average
home price in the year to end-June was
R1,095m, which is 3,6% higher than in the
previous 12 months, and that the average
approved bond size in the year to end-June
was R868 000, or 4,2% more than in the
previous 12 months.
JOHETTE SMUTS
HEAD OF DATA AND ANALYTICS AT PAYPROP
“It’s been great to return to PayProp in
such a challenging and dynamic portfolio.
The up-to-date rental data available to us
has enabled PayProp to take a market-
leading position in South Africa, and I’m
excited to add value to our business by
exploring our data potential even further.”
AUGUST 2017 SA Real Estate Investor
17