Search:  
Western Cape Business News
877
VIEWS

Send  Share  RSS  Twitter  07 Oct 2009

PROPERTY: Cape Metro Activity Shoots Up

 



Recent Western Cape Business News

The 3rd Quarter Cape Metro FNB Residential Property Barometer pointed to a significant jump in activity levels in the region, after a very weak 2nd quarter level.

This suggests that the region is beginning to feel the positive impact of the series of interest rate cuts that took place in the 1st half of 2009.

The Property Barometer is a survey of a sample of estate agents in the major cities of the country regarding their personal experience of market conditions.

The main Barometer question relates to the level of demand activity, and agents are asked to rate the level of demand that they experience on a scale of 1 to 10.

After an initial rise in the first quarter to 4.71, agents estimated activity to have declined back to 4.21 in the second quarter. The 3rd quarter level of 5.82 is thus a significant rise in what was a very weak demand level. The 3rd quarter survey was undertaken in mid-August, after the bulk of the SARB’s 2009 interest rate cuts to date.

The jump in the Western Cape’s activity rating means that the agents surveyed from this region are more upbeat about activity than their Gauteng counterparts, although all regions have seen an improvement.

The 3 major coastal metros, namely eThekwini (5.86), Mandela Bay (5.82), and Cape Town (5.82) are now more upbeat in their estimates of activity compared with Joburg’s 5.47 and Tshwane (5.76).


 
 
 
stoneformaldes-tygervalley-business-brokersDebt Recovery Services Cape Town | Libra Debt Recovery Services (Pty) LtdBusiness Profilesdecor-and-furniture-cape-town
 
   
 
 
 
  Accomodation
Accommodation


Online Foreign Exchange
Foreign Exchange


Directory
Directory


Fax
Fax 2 Email


Finance
Finance


Furniture
Furniture


Casino
Online Casino


Restaurant
Restaurant


Auctions
Shop Online


Study IT
Study IT Online


Web design
Web Design


Weddings
Weddings


Work
Work from Home
 
 
 
 
 
Company News
 
 

 

© 2019 www.wcbn.co.za. All rights reserved.

Daily Newsletter Subscription

 

Subscribe to the Western Cape Business News Daily News and information email (it's free).

Thank You
Your email address has been added.

Name:
Email Address: