PROPERTY BAROMETER FNB City of Cape Town House Price Indices
|
|
- Justin Pitts
- 5 years ago
- Views:
Transcription
1 19 July 2017 MARKET ANALYTICS AND SCENARIO FORECASTING UNIT JOHN LOOS: HOUSEHOLD AND PROPERTY SECTOR STRATEGIST LIZE ERASMUS STATISTICIAN The information in this publication is derived from sources which are regarded as accurate and reliable, is of a general nature only, does not constitute advice and may not be applicable to all circumstances. Detailed advice should be obtained in individual cases. No responsibility for any error, omission or loss sustained by any person acting or refraining from acting as a result of this publication is accepted by Firstrand Group Limited and / or the authors of the material. PROPERTY BAROMETER FNB City of Cape Town House Price Indices The 2 most expensive markets, the Atlantic Seaboard and City Bowl, remain the strongest regions, but will certain more affordable markets begin to benefit from a search for relative affordability? Our 2 nd quarter 2017 City of Cape Town Sub-Regional House Price Indices still show some of the most expensive regions to be the strongest. But as home affordability deteriorates, we may be starting to see some of the more affordable regions come to the fore price growth-wise. Overall, though, our deeds data-driven City Of Cape Town House Price Index continued to show a gradually slowing price growth rate, albeit still very strong. THE OVERALL CITY PICTURE Using Deeds Office Data, we compile a set of house price indices for key subregions within the City of Cape Town Metro using a repeat sales methodology. We have then rolled up this set of sub-regions into an overall City of Cape Town Metro House Price Index. In the 2 nd quarter of 2017, the City of Cape Town s estimated average house price growth rate remained in double-digit territory to the tune of 13.8% year-on-year. However, while still very strong, this year-on-year price growth rate represents the 5 th consecutive quarter of slowing from a 10-year high of 15.7% revised rate recorded in the 1 st quarter of First National Bank a division of FirstRand Bank Limited. An Authorised Financial Services provider. Reg No. 1929/001225/06
2 THE 2 MOST EXPENSIVE SUB-REGIONS REMAIN THE STRONGEST FOR NOW, BUT WILL SOME OF THE MORE AFFORDABLE REGIONS BEGIN TO GAIN APPEAL? 2 ND QUARTER 2017 KEY CAPE TOWN SUB-REGIONAL HOUSE PRICE GROWTH RATES The FNB City of Cape Town Sub-Regional House Price Indices still show widespread strength across much of the metro. However, 7 of our 12 defined sub-regions saw their year-on-year growth having slowed in the 2 nd quarter of Interestingly, too, is that certain of the major affordable regions have shown recent house price growth accelerations, perhaps highlighting the City s residential affordability challenges (and resultant search for more affordable homes) after a strong price inflation run in recent years. Our FNB Estate Agent Survey continues to point to 1 st time buyers in Cape Town battling to buy homes far more than in other major cities of the country. IN AND AROUND THE CAPE PENINSULA THE MARKETS ARE STILL VERY STRONG, BUT 3 OF THE 4 SUB-REGIONS IN QUESTION SAW SLIGHT SLOWING IN PRICE GROWTH IN THE 2 ND QUARTER hot. On the land-scarce Cape Peninsula, the 2 most expensive sub-regions in the City of Cape Town Metro, i.e. the Atlantic Seaboard and the City Bowl, continued to be the hottest markets in the Metro despite some mild price growth slowing. The Atlantic Seaboard average house price inflation rate moderated only very slightly, from a multi-year high of 30.1% year-on-year in the 1 st quarter of 2017 to 29.9% in the 2 nd quarter. The City Bowl has seen slightly more slowing, from its 22.7% year-on-year high in the 2 nd quarter of 2016 to 21.1% in the 2 nd quarter of this year, but it too remained red Slower, but still strong, are the Southern Suburbs with 14.7% year-on-year growth, and the Near Eastern Suburbs (including amongst others Salt River, Woodstock and Pinelands) with 13.5%. The latter region has seen a noticeable price growth slowing from a high of 18.4% year-on-year in the 3 rd quarter of We would expect a near term slowing in price growth in the City Bowl and Atlantic Seaboard, after major affordability deteriorations, and with some signs of foreign buyer interest in South Africa weakening mildly. But housing markets can gain a momentum of their own, with investors/buyers acquiring their enthusiasm for an area/region merely due to the recent rampant price growth in that region, something we could term recency bias or perhaps momentum bias. Land shortages in these areas can play a key role, but can only go so far in boosting price levels before demand dwindles. For the time being though, the Atlantic Seaboard and City Bowl remain the 2 hottest markets in the City of Cape Town and possibly even in the entire South Africa.
3 DOES THE WESTERN SEABOARD BENEFIT FROM ITS LOCATION AND RELATIVE AFFORDABILITY AS A PORTION OF MIDDLE-TO-HIGHER INCOME DEMAND LOOKS FOR GREATER AFFORDABILITY? A key question is where does housing demand go next as the affordability of the regions on or near to the Cape Peninsula deteriorates. The Northern regions of the City of Cape Town have generally been more affordable, but they have their own challenges in terms of being further removed from the key employment nodes in the Southern Suburbs and City Bowl, and with increasing congestion making commuting ever more challenging. The northern region which is potentially an appealing alternative is the Western Seaboard. It is the nearest of our 3 major northern regions to the City Bowl, Claremont and other business nodes, is relatively affordable for higher income households compared to the Peninsula regions, but also has an appealing lifestyle, being located on the Atlantic coastline. And recently, we ask the question as to whether we have just started to see the Western Seaboard region outperform others in the northern areas as a result of its competitive locational advantage highlighted above? The Western Seaboard (Blouberg-Milnerton-Melkbos) average house price growth rate was estimated to have accelerated to 14% year-onyear in the 2 nd quarter of 2017, up from 13.4% in the final quarter of By comparison, the further removed Durbanville-Kraaifontein-Brackenfell region has slowed to growth of 6.8% (from 14% in early-2016), while the Bellville-Parow and Surroundings region has slowed to 8.3% growth (from 12.6% in late-2015). CERTAIN MORE AFFORDABLE REGIONS CAN LAG THE CYCLE, AND HAVE SHOWN ACCELERATIONS OF LATE In a relative boom period, one can often see the higher-priced sub-regions leading the cycle, but as their affordability becomes a mounting challenge the search for relative affordability can turn a portion of housing demand in the direction of more affordable sub-regions. This can cause the more affordable regions to lag the cycle, with their house price growth accelerating at a slightly later stage. It is possible that this is what we have begun to see in Cape Town s major affordable regions, i.e. the Cape Flats and the Elsies River- Blue Downs-Macassar Regions. The former region s year-on-year house price growth has accelerated for 5 consecutive quarters from 10.4% in the 1 st quarter of 2016 to 12.5% by the 2 nd quarter of The latter has reached 13.7% average price growth by the 2 nd quarter of 2017, having accelerated for 7 consecutive quarters from 5.4% in the 3 rd quarter of 2015.
4 1 ST TIME BUYING AND AFFORDABILITY IN CAPE TOWN DETERIORATES FURTHER The evidence of mounting Cape Town affordability challenges continues to come from our FNB Estate Agent Survey which, for the 1 st 2 quarters of 2017 showed a very low estimate of 1 st time buyer levels in the City of Cape Town. Whereas the National Average estimate is that 1 st time home buyers amounted to 21% of total home buyers in the 1 st half of 2017, Cape Town s estimate was a far lower 6.64%, having deteriorated steadily from an average of 18.4% in We believe that this extremely low estimate is reflective of a significant affordability deterioration in recent years in the City of Cape Town Metro. This affordability challenge could conceivably contribute to some strengthening in more affordable sub-regions with the metro. ATLANTIC SEABOARD AND CITY BOWL ASIDE, THE PATTERN OF STRONGEST PRICE GROWTH IN AND AROUND THE PENINSULA HAS BECOME LESS CLEAR Stacking up all of the regions next to each other, the Atlantic Seaboard region remained the one with the strongest house price growth in the 2 nd quarter of 2017 at 29.9% year-on-year. This was followed by the 21.1% of the City Bowl. These 2 regions were the clear top performers in the 2 nd quarter. However, whereas in previous reports we saw the other 3 of the top 5 being in or around the Cape Peninsula, the pattern has become less clear. The Southern Suburbs region did take 3 rd spot by a very small margin with 14,7% year-on-year price growth. But coming into the top performer mix was the Western Seaboard (Blouberg-Milnerton-Melkbos) region in 4 th spot with 14% price growth. Thereafter, the far more affordable region of Elsies River-Delft-Blue Downs was in 5 th spot with 13.7% year-on-year average price growth.
5 LONGER TERM PRICE GROWTH TRENDS 5-YEAR CUMULATIVE GROWTH RATES A look at the longer term big picture shows the strongest performance to have been clearly in and near to the Cape Peninsula. We calculate a 5-year cumulative house price growth rate by sub-region, over the period 2 nd quarter 2012 to 2 nd quarter Over this period, all 5 of the top performing sub-regions were the ones closest to the Cape Peninsula s mountainous areas. Leading the pack was the Atlantic Seaboard, with estimated cumulative price growth of 143.1% over the period, followed by the City Bowl with 114.2%, City Near Eastern Suburbs with 92.6%, Southern Suburbs with 84.8%, and Southern Peninsula with 73.2%. CONCLUSION Although the City of Cape Town has seen some mild slowing in average house price growth over the past 5 quarters, at 13.8% year-on-year this market remains very strong. Slowing growth in the 2 nd quarter of 2017 has taken place in 7 of 12 regions of the City. In the 2 nd quarter of 2017, the top 5 growth regions are no longer all those on or nearest to the Cape Peninsula. The 2 top performers, i.e. the Atlantic Seaboard and the City Bowl are on the Peninsula. But certain more affordable regions a little removed have started to move into the top 5 performers in terms of price growth, notably the Western Seaboard, a relatively affordable region for middle to higher income households looking for the next best thing from a lifestyle and commuter location. In addition, we have seen recent accelerations in the affordable regions of the Cape Flats as well as the Elsies River-Blue-Downs-Macassar sub-region. Such affordable regions can lag the overall cycle.
6 CITY OF CAPE TOWN SUB-REGION HOUSE PRICE PERFORMANCE SUMMARY TABLE Quarterly year-on-year percentage change Q Q Q Q Cumulative 15- year growth NOTES: AREA COMPOSITION OF THE CITY OF CAPE TOWN SUB-REGIONAL HOUSE PRICE INDICES Cumulative 5- year growth CT METROPOLITAN ROLL UP 15.22% 14.80% 14.34% 13.82% % 77.61% Atlantis - Mamre -3.12% -5.67% -7.59% % % 27.21% Mitchells Plain-Eerste Rivier 9.01% 10.46% 12.22% 13.65% % 49.86% Bellville and Surrounds 10.41% 9.40% 8.82% 8.34% % 52.87% Western Seaboard 13.78% 13.36% 13.39% 13.96% % 68.13% North Eastern Suburbs 12.00% 10.33% 8.52% 6.77% % 60.59% Southern Peninsula 14.31% 14.42% 13.36% 12.15% % 73.25% Hottentots Holland 12.06% 12.41% 12.80% 12.81% % 56.53% City Bowl 22.57% 22.17% 21.75% 21.07% % % Atlantic Seaboard 24.12% 28.01% 30.14% 29.93% % % City Eastern Suburbs 17.74% 16.96% 15.76% 13.53% % 92.60% Southern Suburbs 14.29% 14.04% 14.30% 14.72% % 84.77% Cape Flats 10.81% 11.43% 12.04% 12.53% % 56.61% Main Areas Included in Each Sub-Regional House Price Index Former Townships Atlantis-Mamre Elsies River-Blue Bellville-Parow Downs-Macassar and Surrounds Blouberg- Milnerton- Melkbosstrand Durbanville- Kraaifontein- Brackenfell Southern Peninsula Somerset West- Strand-Gordons Bay Guguletu Atlantis Belhar Bellville Blouberg Brackenfell Cape Point Gordons Bay Khayelitsha Mamre Blackheath Goodwood Melkbosstrand Durbanville Fish Hoek Sir Lowrys Pass Langa Blue Downs Kuils River Milnerton Kraaifontein Kommetjie Somerset West Nyanga Delft Parow Noordhoek Strand Eerste River Scarborough Elsies River Simon's Town Macassar Matroosfontein
7 City Bowl Atlantic Seaboard Near Eastern Suburbs Southern Suburbs Cape Flats City of Cape Town Metro House Price Index Foreshore Bantry Bay Rugby Bishopscourt Buckingham V & A Waterfront Mouille Point Lagoon Beach Steenberg Golf Es Wetton Zonnebloem Clifton Kensington Silwersteen Estate Rondebosch East De Waterkant Camps Bay Maitland Claremont Ottery East Cape Town City C Bakoven Salt River Newlands Lansdowne Gardens Fresnaye Woodstock Silvertree Estate Southfield Tamboerskloof Sea Point Maitland Garden VTokai Heathfield Devil`s Peak EstateGreen Point Oude Molen VillageRondebosch Retreat Vredehoek Three Anchor Bay Pinelands Meadowridge Lavender Hill University Estate Hout Bay Windermere Mowbray Plumstead Schotschekloof Westlake Elfindale Walmer Estate Wynberg Nerissa Estate Oranjezicht Observatory Ottery Bergvliet Kenilworth Royal Cape Diep River Rosebank Kirstenhof Dreyersdal Dennendal Forest Glade Constantia Muizenberg Ferness Coniston Park Otyhouse Estate Edward Crawford Sunlands Yorkshire Estate Pinati Glen Valley Romp Vlei Belthorn Estate Fairways Brooklyn Romp Vallei Glen View Penlyn Estate Eden Klein Frere Estate Turf Hall Turf Hall Estate Steenberg Sheraton Park Cafda Village Seawinds Athlone Athlone Grassy Park Mitchells Plain Philippi Guguletu Khayelitsha Langa Nyanga Roll-up of all City of Cape Town sub-regions
PROPERTY BAROMETER FNB City of Cape Town House Price Indices
13 November 2017 MARKET ANALYTICS AND SCENARIO FORECASTING UNIT JOHN LOOS: HOUSEHOLD AND PROPERTY SECTOR STRATEGIST 087-328 0151 john.loos@fnb.co.za LIZE ERASMUS STATISTICIAN 087-335 6664 lize.erasmus@@fnb.co.za
More informationPROPERTY BAROMETER FNB City of Cape Town House Price Indices
16 February 2018 MARKET ANALYTICS AND SCENARIO FORECASTING UNIT JOHN LOOS: HOUSEHOLD AND PROPERTY SECTOR STRATEGIST 087-328 0151 john.loos@fnb.co.za THULANI LUVUNO STATISTICIAN 087-730 2254 thulani.luvuno@@fnb.co.za
More informationPROPERTY BAROMETER FNB Mining Towns House Price Indices
PROPERTY BAROMETER FNB Mining Towns House Price Indices A return to positive growth in Mining production from the latter stages of 2016 and into 2017 appears to be providing some improved support to Mining
More informationPROPERTY BAROMETER FNB House Price Index Year-on-year house price growth appears to be approaching a mini-peak, at 4.
2 October 2017 MARKET ANALYTICS AND SCENARIO FORECASTING UNIT JOHN LOOS: HOUSEHOLD AND PROPERTY SECTOR STRATEGIST 087-328 0151 john.loos@fnb.co.za LIZE ERASMUS: STATISTICIAN 087-335 6664 lize.erasmus@fnb.co.za
More information16 April 2018 KEY POINTS
16 April 2018 MARKET ANALYTICS AND SCENARIO FORECASTING UNIT JOHN LOOS: HOUSEHOLD AND PROPERTY SECTOR STRATEGIST FNB HOME LOANS 087-328 0151 john.loos@fnb.co.za THULANI LUVUNO: STATISTICIAN 087-730 2254
More information6 April 2018 KEY POINTS
6 April 2018 MARKET ANALYTICS AND SCENARIO FORECASTING UNIT JOHN LOOS: HOUSEHOLD AND PROPERTY SECTOR STRATEGIST 087-328 0151 john.loos@fnb.co.za THULANI LUVUNO: STATISTICIAN 087-730 2254 thulani.luvuno@fnb.co.za
More informationPROPERTY BAROMETER Residential Property Affordability Review The recently improving Housing Affordability trend stalled in the 1 st quarter of 2017
21 June 2017 MARKET ANALYTICS AND SCENARIO FORECASTING UNIT JOHN LOOS: HOUSEHOLD AND PROPERTY SECTOR STRATEGIST FNB HOME LOANS 087-328 0151 john.loos@fnb.co.za LIZE ERASMUS: STATISTICIAN 087-335 6664 lize.erasmus@@fnb.co.za
More informationPROPERTY BAROMETER FNB Area Value Band House Price Indices
PROPERTY BAROMETER FNB Area Value Band House Price Indices The Luxury Area Value Band has seen the most noticeable price growth slowdown since 2014, while the Lower End has done a little better of late.
More information1 February FNB House Price Index - Real and Nominal Growth
1 February 2017 MARKET ANALYTICS AND SCENARIO FORECASTING UNIT JOHN LOOS: HOUSEHOLD AND PROPERTY SECTOR STRATEGIST 087-328 0151 john.loos@fnb.co.za THEO SWANEPOEL: PROPERTY MARKET ANALYST 087-328 0157
More informationPROPERTY BAROMETER FNB House Price Index Early signs of the positive national sentiment shift impacting on national house price trends
5 June 2018 MARKET ANALYTICS AND SCENARIO FORECASTING UNIT JOHN LOOS: HOUSEHOLD AND PROPERTY SECTOR STRATEGIST 087-328 0151 john.loos@fnb.co.za THULANI LUVUNO: ANALYST 087-730 2254 thulani.luvuno@fnb.co.za
More information2 July 2018 FNB HOUSE PRICE INDEX RESULTS FOR JUNE 2018 ACCELERATION, BUT FOR HOW LONG?
2 July 2018 MARKET ANALYTICS AND SCENARIO FORECASTING UNIT JOHN LOOS: HOUSEHOLD AND PROPERTY SECTOR STRATEGIST 087-328 0151 john.loos@fnb.co.za THULANI LUVUNO: ANALYST 087-730 2254 thulani.luvuno@fnb.co.za
More information1 June FNB House Price Index - Real and Nominal Growth MAY FNB HOUSE PRICE INDEX FINDINGS
1 June 2016 MARKET ANALYTICS AND SCENARIO FORECASTING UNIT JOHN LOOS: HOUSEHOLD AND PROPERTY SECTOR STRATEGIST 087-328 0151 john.loos@fnb.co.za THEO SWANEPOEL: PROPERTY MARKET ANALYST 087-328 0157 tswanepoel@fnb.co.za
More information3 November rd QUARTER FNB SEGMENT HOUSE PRICE REVIEW. Affordability of housing
3 November 2011 3 rd QUARTER FNB SEGMENT HOUSE PRICE REVIEW JOHN LOOS: HOUSEHOLD AND PROPERTY SECTOR STRATEGIST 011-6490125 John.loos@fnb.co.za EWALD KELLERMAN: PROPERTY MARKET ANALYST 011-6320021 ekellerman@fnb.co.za
More information14 September 2015 MARKET ANALYTICS AND SCENARIO FORECASTING UNIT. JOHN LOOS: HOUSEHOLD AND PROPERTY SECTOR STRATEGIST
14 September 2015 MARKET ANALYTICS AND SCENARIO FORECASTING UNIT JOHN LOOS: HOUSEHOLD AND PROPERTY SECTOR STRATEGIST 087-328 0151 john.loos@fnb.co.za THEO SWANEPOEL: PROPERTY MARKET ANALYST 087-328 0157
More informationFNB-TPN RESIDENTIAL YIELDS REVIEW
FNB-TPN RESIDENTIAL YIELDS REVIEW 17 November 2015 John Loos, Household and Property Sector Strategist Tel: (087) 328 0151 Cell:083-453 8096 E-mail: john.loos@fnb.co.za Website: http://blog.fnb.co.za/category/economics/
More information3 October 2017 KEY POINTS
3 October 2017 FNB HOME LOANS: MARKET ANALYTICS AND SCENARIO FORECASTING UNIT JOHN LOOS: HOUSEHOLD AND PROPERTY SECTOR STRATEGIST 087-328 0151 John.loos@fnb.co.za THEO SWANEPOEL: PROPERTY MARKET ANALYST
More informationLightstone Property. Giving you detailed information on any property in South Africa
Lightstone Property Giving you detailed information on any property in South Africa Contents National property market Cape Town vs the rest Cape Town hotspots Buyer demographics Information available to
More informationFocus article: Metropolitan and rural housing market developments
Focus article: Metropolitan and rural housing market developments Introduction The upswing in the South African residential property market which started around was driven by a wide range of economic,
More informationLightstone Property. Detailed information on property in South Africa
Lightstone Property Detailed information on property in South Africa What to expect National property market Cape Town vs the rest Cape Town hotspots Buyer demographics Information available to property
More informationQ Cape Town Office Market Report. In association with Baker Street Properties
Cape Town Office Market Report 217 set for rental growth as economy improves, but the city continues to struggle to cater to large occupiers Q4 216 In association with Baker Street Properties 1 Central
More information2013 Arizona Housing Market Mid-Year Report
2013 Arizona Housing Market Mid-Year Report This mid-year market report outlines the latest trends in Arizona real estate. The housing market hit bottom in mid to late 2011, and has been in recovery mode
More informationTrends in Scottish Residential Lettings
The Citylets Report Issue 1 Spring 2007 Trends in Scottish Residential tings A Tale of Three Cities Introduction citylets.co.uk is Scotland s original residential lettings portal advertising over 45,000
More informationPerformance of the Private Rental Market in Northern Ireland
Summary Research Report July - December Performance of the Private Rental Market in Northern Ireland Research Report July - December 1 Northern Ireland Rental Index: Issue No. 8 Disclaimer This report
More informationSmoothed Weighted National Housing Index (base = January 2008)
HOUSING INDEX January 2014 Rising Volumes Decelerate House Prices For Now 220 200 180 160 1 120 100 80 60 Smoothed Weighted National Housing Index (base = January 2008) Value Index Volume Index Although
More informationOFFICE MARKET ANALYSIS:
OFFICE MARKET ANALYSIS: DAVID WEST RMLS Fellow Certificate of Real Estate Development Student Masters of Urban and Regional Planning Candidate While the Portland office market continues the slow recovery
More informationSmoothed Weighted National Housing Index (base = January 2008)
HOUSING INDEX April 2013 Moderating House Prices 1 1 1 120 Smoothed Weighted National Housing Index (base = January 8) 174.2 119.9 Value Index Volume Index The FNB House Price Index regained some lost
More informationThe Profile for Residential Building Approvals by Type and Geography
The Profile for Residential Building Approvals by Type and Geography Key Points: ABS Building Approvals for Australia peaked back in October 2015. As we have frequently highlighted, approvals have subsequently
More informationCycle Monitor Real Estate Market Cycles Third Quarter 2017 Analysis
Cycle Monitor Real Estate Market Cycles Third Quarter 2017 Analysis Real Estate Physical Market Cycle Analysis of Five Property Types in 54 Metropolitan Statistical Areas (MSAs). Income-producing real
More informationVACANCY SCHEDULE COMMERCIAL / OFFICE PREMISES TO LET 23 rd September 2014
COMMERCIAL / OFFICE PREMISES TO LET A. BOLAND BANK BUILDING, LOWER BURG STREET, CAPE TOWN 2 nd Floor 460 square metres Rental R30000.00 per month Suite 301 73 square metres Rental R5470.00 per month B/Services/Imp
More informationSELF-STORAGE REPORT VIEWPOINT 2017 / COMMERCIAL REAL ESTATE TRENDS. By: Steven J. Johnson, MAI, Senior Managing Director, IRR-Metro LA. irr.
SELF-STORAGE REPORT VIEWPOINT 2017 / COMMERCIAL REAL ESTATE TRENDS By: Steven J. Johnson, MAI, Senior Managing Director, IRR-Metro LA The Self Storage Story The self-storage sector has been enjoying solid
More informationSmoothed Weighted National Housing Index (base = January 2008)
HOUSING INDEX May 2013 Decelerating Real House Prices 1 1 1 120 Smoothed Weighted National Housing Index (base = January 8) 1.2 107.0 Value Index Volume Index The FNB House Price Index regained some lost
More informationHamilton s Housing Market and Economy
Hamilton s Housing Market and Economy Growth Indicator Report November 2016 hamilton.govt.nz Contents 3. 4. 5. 6. 7. 7. 8. 9. 10. 11. Introduction New Residential Building Consents New Residential Sections
More informationSTATISTICAL REFLECTIONS
STATISTICAL REFLECTIONS 9 November 2018 Contents Summary...1 Changes in property transactions...1 Annual price index...1 Quarterly pure price index...2 Distribution of existing home transactions...2 Regional
More informationmymarket Report How is the market?
How is the market? Otago Summer 2015 The latest property market update for the Otago region. Helping you with your property decisions. Queenstown Lakes District values continue to grow steadily, while
More informationQ B O S T O N M A R K E T R E P O R T
Q 3 2 1 7 B O S T O N M A R K E T R E P O R T Introducing the Compass Q3 217 Greater Boston Market Report Page 2 Page 3 Page 5 Page 7 Page 8 Map of Coverage Area Single Family Overview Condo Overview Time
More informationRents rise above 800 for first time on record
STRICTLY UNDER EMBARGO UNTIL 00:01 FRIDAY 21 st AUGUST 2015 July 2014 Rents rise above 800 for first time on record Record surge in month-on-month increases takes average rent to new peak across England
More informationECONOMIC CURRENTS. Vol. 5 Issue 2 SOUTH FLORIDA ECONOMIC QUARTERLY. Key Findings, 2 nd Quarter, 2015
ECONOMIC CURRENTS THE Introduction SOUTH FLORIDA ECONOMIC QUARTERLY Economic Currents provides an overview of the South Florida regional economy. The report presents current employment, economic and real
More informationThe Industrial Market Cooled Off in Q1
Research & Forecast Report Long Island industrial MARKET Q1 2016 The Industrial Market Cooled Off in Q1 Rose Liu Director of Finance & Research Long Island Takeaways > > Long Island industrial market slowed
More informationResidential Commentary - Perth Apartment Market
Residential Commentary - Perth Apartment Market March 2016 Executive Summary The Greater Perth apartment market has attracted considerable interest from local and offshore developers. Projects under construction
More informationARLA Members Survey of the Private Rented Sector
Prepared for The Association of Residential Letting Agents & the ARLA Group of Buy to Let Mortgage Lenders ARLA Members Survey of the Private Rented Sector Fourth Quarter 2010 Prepared by: O M Carey Jones
More informationmymarket Report How is the market?
mymarket Report How is the market? Lower North Island Autumn 2016 The latest property market update for the Lower North Island region. Helping you with your property decisions. mymarket Report Median property
More informationREAL ESTATE SENTIMENT INDEX 3 rd Quarter 2014
About Real Estate Sentiment Index (RESI) The Real Estate Sentiment Index (RESI) is jointly developed by the Real Estate Developers Association of Singapore (REDAS) and the Department of Real Estate (DRE),
More information2014 Western Cape. Office Market Analysis
Q3 2014 Western Cape Office Market Analysis Contents Highlights 1 Summary 2 Statistics 2 Climate 3 Supply 4 Demand 5 Vacancies 6 Prognosis 8 Office Market Analysis Q3 2014 Western Cape Colliers International
More informationVACANCY SCHEDULE DALEGLEN PROPERTY GROUP (PTY) LTD 3 rd February 2015
OFFICE PREMISES A. BOLAND BANK BUILDING, LOWER BURG STREET, CAPE TOWN 2 nd Floor 460 square metres Rental R30000.00 per month Suite 505 105 square metres Rental R7500.00 per month B/Services/Imp Levy R200.00
More informationSummary. Houston. Dallas. The Take Away
Page Summary The Take Away The first quarter of 2017 was marked by continued optimism through multiple Texas metros as job growth remained positive and any negatives associated with declining oil prices
More informationHousing market report
Capital city market report Prepared August Dr Andrew Wilson, Senior Economist Australian Property Monitors Buyer momentum rises through mid-winter housing markets National overview Buyer and seller momentum
More informationFOR IMMEDIATE RELEASE Contact: Bobette Banks Director of Communications Greater Capital Area Association of REALTORS
FOR IMMEDIATE RELEASE Contact: Bobette Banks 301-590-8764 Director of Communications Greater Capital Area Association of REALTORS bbanks@gcaar.com April 2016 Washington, DC Market Trends Report Sales and
More informationProperty Report. Victoria
Property Report Victoria Upgraders & investors reap rewards Welcome to this edition of the Westpac/ Property Report, a first hand look at how Australia s residential property market is performing on a
More informationRadian RATE Programme STAR Survey Results April 2017 to December 2017 All Residents Report February 2018
Radian RATE Programme STAR Survey Results April 2017 to December 2017 All Residents Report February 2018 Executive summary This report summarises the results of the continuous STAR survey of Radian s residents,
More informationECONOMIC CURRENTS. Vol. 4, Issue 3. THE Introduction SOUTH FLORIDA ECONOMIC QUARTERLY
ECONOMIC CURRENTS THE Introduction SOUTH FLORIDA ECONOMIC QUARTERLY Vol. 4, Issue 3 Economic Currents provides an overview of the South Florida regional economy. The report presents current employment,
More informationmymarket Report How is the market?
mymarket Report How is the market? Lower North Island Autumn 2016 The latest property market update for the Lower North Island region. Helping you with your property decisions. mymarket Report Median property
More informationProperty Report. Tasmania
Property Report Tasmania Upgraders & investors reap rewards Welcome to this edition of the Westpac/ Property Report, a first hand look at how Australia s residential property market is performing on a
More informationResidential January 2010
Residential January 2010 Karl L. Guntermann Fred E. Taylor Professor of Real Estate Adam Nowak Research Associate Another improvement to the ASU-RSI is introduced this month with new indices for foreclosure
More informationNAB COMMERCIAL PROPERTY SURVEY Q4 2017
EMBARGOED UNTIL 11.30 AM WEDNESDAY 21 FEBRUARY 2018 NAB COMMERCIAL PROPERTY SURVEY Q4 2017 Date February 2018 NAB Behavioural & Industry Economics KEY FINDINGS The NAB Commercial Property Index (a measure
More informationSmoothed Weighted National Housing Index (base = January 2008)
HOUSING INDEX November 2012 New Housing Supply Soften House Prices 200 180 160 140 120 100 80 Smoothed Weighted National Housing Index (base = January 2008) 164.1 143.0 60 40 Value Index Volume Index Data
More informationSan Francisco Housing Market Update
San Francisco Housing Market Update California Economic and Housing Market Outlook The national economy maintained a healthy growth rate in the first quarter of 2005 and appeared to be settling in for
More informationRESIDENTIAL MARKET ANALYSIS
RESIDENTIAL MARKET ANALYSIS RMLS Student Fellow Master of Real Estate Development Candidate Many of the single family housing trends in the second quarter of 2017 bounced upwards following a continuation
More informationCOMMERCIAL PROPERTY PRICES REMAIN IN SLOWDOWN PATTERN AS MARKET REACTS TO INVESTOR PULLBACK
CCRSI RELEASE MARCH 2016 (With data through February 2016) COMMERCIAL PROPERTY PRICES REMAIN IN SLOWDOWN PATTERN AS MARKET REACTS TO INVESTOR PULLBACK DESPITE DECLINE IN PROPERTY PRICING, LEASING ACTIVITY
More informationResidential building statistics 17 May 2018
Compiled by Jacques du Toit Property Analyst Absa Home Loans 15 Troye Street Johannesburg 21 PO Box 7735 Johannesburg 2 South Africa Tel +27 ()11 35 7246 jacques@absa.co.za www.absa.co.za Explanatory note:
More informationVACANCY SCHEDULE DALEGLEN PROPERTY GROUP (PTY) LTD 28 th August 2015
OFFICE PREMISES A. BOLAND BANK BUILDING, LOWER BURG STREET, CAPE TOWN Suite 605 62 square metres Rental R4400.00 per month B/Services/Imp Levy R95.00 Suite 801 80 square metres Rental R6800.00 per month
More informationLas Vegas Valley Executive Summary
ARROYO MARKET SQUARE Las Vegas Valley Executive Summary Retail Market 4th Quarter 2013 THE DISTRICT AT GREEN VALLEY RANCH January 23, 2014 Re: Commercial Real Estate Survey: 4th Quarter, 2013 Dear Reader,
More informationMULTIFAMILY MARKET ANALYSIS
MULTIFAMILY MARKET ANALYSIS MARC STRABIC Portland State University So as we roll through the summer here in the Northwest, now is a good time to take stock of the multi-family market, the progress made
More informationINLAND EMPIRE REGIONAL INTELLIGENCE REPORT. School of Business. April 2018
INLAND EMPIRE REGIONAL INTELLIGENCE REPORT April 2018 Key economic indicators suggest that the Inland Empire s economy will continue to expand throughout the rest of 2018, building upon its recent growth.
More informationResidential May Karl L. Guntermann Fred E. Taylor Professor of Real Estate. Adam Nowak Research Associate
Residential May 2008 Karl L. Guntermann Fred E. Taylor Professor of Real Estate Adam Nowak Research Associate The use of repeat sales is the most reliable way to estimate price changes in the housing market
More informationMay 2016 Washington, DC Market Trends Report Listings continue to move quickly as sales climb nearly 14 percent
FOR IMMEDIATE RELEASE Contact: Bobette Banks 301-590-8764 Director of Communications Greater Capital Area Association of REALTORS bbanks@gcaar.com May 2016 Washington, DC Market Trends Report Listings
More informationResidential December 2010
Residential December 2010 Karl L. Guntermann Fred E. Taylor Professor of Real Estate Adam Nowak Research Associate I The preliminary data for November shows that housing prices declined for another month
More informationMARKET IN A MINUTE A SUMMARY OF MARKET CONDITIONS FOR MARCH & 1st QUARTER 2016
STATPAK ` WASHINGTON, DC APRIL 2016 MARKET IN A MINUTE A SUMMARY OF MARKET CONDITIONS FOR MARCH & 1st QUARTER 2016 Contract activity in March 2016 was up 12.6% from March of 2015, and there were increases
More informationWISCONSIN HOUSING MARKETPLACE
WISCONSIN REALTORS ASSOCIATION WISCONSIN HOUSING MARKETPLACE Date: 2/16/06 For Release: Immediately For More Information Contact: David E. Clark, Economist C3 Statistical Solutions Inc. Office phone: 414-803-6537
More informationREAL ESTATE SENTIMENT INDEX 2 nd Quarter 2018
About Real Estate Sentiment Index (RESI) The Real Estate Sentiment Index (RESI) is jointly developed by the Real Estate Developers Association of Singapore (REDAS) and the Department of Real Estate (DRE),
More informationDIFI-Report. Assessment of the Real Estate Financing Market. Germany 4th Quarter 2017 Published in December 2017
DIFI-Report Assessment of the Real Estate Financing Market Germany 4th Quarter 2017 Published in December 2017 Brighter financing expectations for the coming half year Assessment of the refinancing markets
More informationresearch Industrial VACANCY SURVEY Report compiled by IPD
research Industrial VACANCY SURVEY Report compiled by IPD : INDUSTRIAL PROPERTY PERFORMS WELL DESPITE SOFTER FUNDAMENTALS research GLA (m 2 thousands) properties % of GLA Vacancy % All Industrial 6,604.6
More informationSingle Family Sales Maine: Units
Maine Home Connection 19 Commercial St Portland, Maine 04101 MaineHomeConnection.com Office: (207) 517-3100 Email: Info@MaineHomeConnection.com For the fourth consecutive year, Maine home sales set a new
More informationFNB PROPERTY BAROMETER
HOME LOANS DIVISION FNB PROPERTY BAROMETER 4 TH Quarter 2009 - Ending the last decade on a strengthening note, but financial stress and affordability issues are far from over PROPERTY AND MORTGAGE MARKET
More informationMANHATTAN MARKET REPORT
MANHATTAN MARKET REPORT Q1 MANHATTAN MARKET REPORT 1Q 2017 Manhattan s residential market is showing signs of improvement after a period of uncertainty leading up to the Presidential election, as it does
More informationHouse price report. December quarter Dr Andrew Wilson Senior Economist for the Domain Group
December quarter 2014 Dr Andrew Wilson Senior Economist for the Domain Group Key findings Capital city house prices increased over the December quarter with remaining the runaway leader December quarter
More informationDETACHED MULTI-UNIT APPROVALS
HIA New Home Sales DETACHED MULTI-UNIT APPROVALS SALES MULTI-UNIT DETACHED A monthly update on the sales of new homes September 214 MULTI-UNIT SALES REACH New Cyclical Peak The HIA New Home Sales Report
More informationVesteda Market Watch Q
Vesteda Market Watch Q1 2018 7.6 Housing Market Indicator 1 Housing Market Indicator The Housing Market Indicator in the first quarter of 2018 hits a level of 7.6. This score clearly reflects the positive
More information2012 Profile of Home Buyers and Sellers New Jersey Report
Prepared for: New Jersey Association of REALTORS Prepared by: Research Division December 2012 Table of Contents Introduction... 2 Highlights... 4 Conclusion... 7 Report Prepared by: Jessica Lautz 202-383-1155
More informationEstate Living on the rise in South Africa April 2016
Estate Living on the rise in South Africa April 2016 The property market in general has seen some interesting trends over the past few months, which we have explored and shared with you in our monthly
More informationUDIA WA DEVELOPMENT JUNE 2018
UDIA WA DEVELOPMENT JUNE 218 UDIA (WA) The UDIA provides market research and in-depth analysis of the urban development industry and property market. To download this report and other UDIA research visit
More informationResidential September 2010
Residential September 2010 Karl L. Guntermann Fred E. Taylor Professor of Real Estate Adam Nowak Research Associate For the first time since March, house prices turned down slightly in August (-2 percent)
More informationCITI HABITATS. Manhattan Residential Sales Market Report
Manhattan Residential Sales Market Report Contents 4/7 12/17 3 8 9 10 Market Wide 4 Sales / Days on Market 5 / Months of Supply 6 7 Market Share Resale Co-ops Resale Condos New Developments 11 Luxury Neighborhoods
More informationOffice Market Remained Steady in Q4
Research & Forecast Report Long Island OFFICE MARKET Q4 2015 Office Market Remained Steady in Q4 Rose Liu Research & Financial Analyst Long Island Takeaways Class A & B Continuing the momentum, the Long
More informationECONOMIC AND MONETARY DEVELOPMENTS
Box EURO AREA HOUSE PRICES AND THE RENT COMPONENT OF THE HICP In the euro area, as in many other economies, expenditures on buying a house or flat are not incorporated directly into consumer price indices,
More informationThe State of Renters & Their Homes
FORECLOSURES FINDING #14 The number of pre-foreclosure notices issued to one- to four-unit properties and condominiums in 2015 fell from the previous year. Pre-foreclosure notices for one- to four-unit
More informationHousing Market Update
Housing Market Update March 2017 New Hampshire s Housing Market and Challenges Market Overview Dean J. Christon Executive Director, New Hampshire Housing Finance Authority New Hampshire s current housing
More information1 Q M A NH AT TA N M A R K E T R E P O R T
1Q2018 MANHATTAN M A R K E T R E P O R T INTRODUCTION M A N H A T T A N S A L E S R E P O R T Q 1 2 0 1 8 : THE NECESSITY OF BALANCE The first quarter of 2018 was a balancing act supported by declines
More informationAPARTMENT MARKET TRENDS
VOLUME 21 1ST QUARTER 2018 Featuring data from the Center for Business and Economic Research The Las Vegas apartment market saw a slight increase in the average asking rent and an increase the vacancy
More informationPayProp Rental Index Q The only comprehensive report on the state of the residential rental market in South Africa
PayProp Rental Index Q3 2014 The only comprehensive report on the state of the residential rental market in South Africa JULY SEPTEMBER 2014 Remodelled PayProp Rental Index gets thumbs up from Stats SA
More informationRadian RATE Programme STAR Survey Results April 2017 to March 2018 All Residents Report April 2018
Radian RATE Programme STAR Survey Results April 2017 to March 2018 All Residents Report April 2018 Executive summary This report summarises the results of the continuous STAR survey of Radian s residents,
More informationAffordable Housing in South Africa How is the market doing?
1 Affordable Housing in South Africa How is the market doing? Kecia Rust & Adelaide Steedley International Housing Solutions Industry Conference 2013 19 September 2013, Johannesburg 2 Overview Mapping
More informationSmoothed Weighted National Housing Index (base = January 2008)
HOUSING INDEX February 2013 House Prices Remain Stubbornly High 1 1 1 120 Smoothed Weighted National Housing Index (base = January 8) 178.6 102.2 Value Index Volume Index The FNB House Price Index fell
More informationAPARTMENT MARKET TRENDS
VOLUME 23 3rd QUARTER 2018 Featuring data from the Center for Business and Economic Research The Las Vegas apartment market saw a slight increase in the average asking rent and an increase in the vacancy
More informationental market report CMHC s Fall survey of rental hous Average vacancy rate in ³ N regina 2002 IN THIS Regina slips from 2001 level ISSUE
r ental market report Canada Mortgage and Housing Corporation Average vacancy rate in IN THIS Regina slips from 2001 level ISSUE Average vacancy rate slips... 1 CMHC s Fall survey of rental hous ing found
More informationMonthly Market Snapshot
SEPTEMBER 2018 Vacancy continues to fall. Nearing the end of the third quarter, the vacancy rate dropped 10 basis points to 6.4%, compared to this time last month at 6.5%. Occupancy of the 1.1 million
More informationResidential Commentary Sydney Apartment Market
Residential Commentary Sydney Apartment Market April 2017 Executive Summary Sydney Apartment Market: Key Indicators 14,200 units are currently under construction in Inner Sydney with completion expected
More informationLowest sales volumes in 8 months a result of extremely low listings in July says REINZ
11 October 2018 For immediate release Lowest sales volumes in 8 months a result of extremely low listings in July says REINZ The low number of new listings in July has meant that the number of houses sold
More informationAgricultural. Credit Conditions. Farmland Values and Farm Income Soar. Burgeoning farm profits accelerated District cropland and ranchland value gains
SURVEY of TENTH DISTRICT Agricultural Credit Conditions S4 te hp tqeuma br te er r 22 1 FF ee dd ee rraall RReesseerrvvee BBa annk k o of f KKa an ns sa as s C Ci ti ty y Farmland Values and Farm Income
More informationRESIDENTIAL MARKET ANALYSIS
RESIDENTIAL MARKET ANALYSIS CLANCY TERRY RMLS Student Fellow Master of Real Estate Development Candidate Oregon and national housing markets both demonstrated shifting trends in the first quarter of 2015
More information2013 Profile of Home Buyers and Sellers Metro Indianapolis Report
Prepared for: Metro Indianapolis Board of REALTORS Prepared by: Research Division December 2013 Table of Contents Introduction... 2 Highlights... 3 Conclusion... 6 Methodology..7 Report Prepared by: Jessica
More information