In this week's Newsletter, read how the FNB house price index edged up to 7.2% last month from a revised 7.1% in October. The average house price‚ according to transactions financed by FNB‚ was R907‚182. For more on this story, read Growth in South Africa's housing prices is slowing
According to a new research report released by Jones Lang LaSalle, Africa is appearing on the radar of an increasing number of major corporations. Read an article titled Commercial Real Estate set to benefit as African urbanisation accelerates for a full story.
It has also been reported that home buyers in SA now need to earn a gross monthly income of around R30 000 to buy an average home costing some R952 000. Continue reading this on Higher incomes needed now to qualify for bonds
Last but not least, as the world mourns a loss of one of the greatest leaders South Africa has ever had, we found it appropriate to take a closer look at Cape St Francis - a town in Eastern Cape - a province in which the late Nelson Rholihlahla Mandela was born. Find out more about this town that is well known for its lighthouse, the Seal Lighthouse on our the Focus On section of this Newsletter.