A Residential Property Facing Headwinds To Move Forward

Loading player...
Hayley Ivins-Downes, head of Digital at Lightstone talks about Johannesburg, South Africa – November 2022: South Africa’s residential property is facing domestic and global headwinds after bouncing back positively from Covid-19, according to Lightstone, a provider of comprehensive data, analytics and systems on property, automotive and business assets.



Hayley Ivins-Downes, head of Digital at Lightstone, said rising interest rates, socio-political tensions and a limp economy bedevilled by intermittent power were dampening consumer spirits in South Africa, while abroad the Russian invasion of Ukraine and numerous other geo-political hotspots were unsettling global stability.



Despite all these factors, South Africa’s residential property was showing pockets of progress and opportunity.



Overall transfer volumes were continuing their uneven trajectory, with 2022 anticipated to reach around 330 000, well down from the high of 493 000 recorded just prior to the 2008 crash.



However, if sales in 2022 hit 330 000, it would match the 2021 Covid-19 bounce-back from 263 000 and similar volumes last recorded in 2017 and 2018.
6 Dec 2022 1PM English South Africa Business News · Investing

Other recent episodes

AGOA Extended: Certainty or Illusion?

The US has extended the African Growth and Opportunity Act (AGOA) to 2028, stabilising duty‑free access for African exporters. But is this really a win, or just temporary certainty? Oxford Economic’s Jervin Naidoo explains what the extension means for South Africa’s auto industry, Kenya’s textiles, and Africa’s trade outlook in…
24 Sep 1PM 19 min

Your Retirement, Your Rules: ETFSA’s Starter Pack Explained

Retirement planning doesn’t need to be intimidating. Suzan Ramotshabi breaks down the biggest barriers stopping South Africans from investing, including Black Tax and fear of making mistakes. She explains how the Starter Pack works, additional ETFSA solutions, and the one step listeners can take today to begin their retirement journey…
23 Sep 1PM 22 min

SARB Tightens: What the 25bps Hike Means for You

The SARB surprised markets with a unanimous vote to hike rates by 25bps, landing against rising inflation expectations and global volatility. Johann Els unpacks the policy mood shift, the 4.4% inflation print, rand vulnerability, and how this decision affects credit conditions, household budgets, and South Africa’s growth outlook heading into…
23 Sep 12PM 14 min

The State of SA Insurance: Climate, Claims & Consumer Strain

South Africa’s insurers are navigating a perfect storm: higher catastrophe losses, rising claims inflation, affordability strain, and a shifting risk landscape shaped by climate volatility and crime. Santam’s Partner Solutions CEO, Gugu Mtetwa, unpacks the sector’s resilience, the worsening underinsurance problem, consumer behaviour shifts, and how insurers are adapting to…
22 Sep 1PM 24 min

Measured Momentum in SA Banking: Earnings Up, Risks Rising

South Africa’s major banks delivered headline earnings growth of 9.3% to R82.3 billion, stronger ROE at 20.5%, and improved cost‑to‑income ratios — but beneath the numbers lies a fragile domestic recovery and renewed inflation pressure. PwC’s Rivaan Roopnarain breaks down the competitive dynamics across retail, business, corporate and payments ecosystems,…
22 Sep 1PM 14 min