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Real Estate Activities in South Africa 2015

  • February 2015
  • 515 pages
  • Who Owns Whom
Report ID: 2798357

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This report focuses on the local real estate industry which mirrors the uncertainty and instability of the South African and global economic outlook. The most recent research available indicates that the South African property sector contributed R237.8bn to the South African economy in 2012 while First National Bank (FNB) estimates that the property industry contributed 6% of total GDP in 2013. The IPD South Africa Biannual Property Indicator report reflects a 7.4% total return for commercial property for H1:2014. The FNB House Price Index shows that property prices grew by an average of 7.1% in 2014 (0.79% in real terms) and forecasts a hold on interest rates and a house price growth of between 8% and 9%.

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