The Absa Homeowner Sentiment Index (HSI) released yesterday indicated a recovery in the second quarter, back to the level it was in the fourth quarter of 2018, after it declined in the first quarter in the run-up to the general election and due to electricity disruptions.
Property market sentiment in the second quarter was also higher compared with the corresponding quarter in 2018. This was also reflected in the latest national housing report for the second quarter by Re/Max of Southern Africa.
“The overall sentiment of current market conditions is slow at best. However, the data for the second quarter of 2019 points to the first glimmers of hope for a property market that is becoming increasingly active,” according to the firm’s chief executive, Adrian Goslett.
Lightstone Property data showed that the 45109 bonds registrations between March and April this year translated into a 13.2percent increase in the number registered since the first quarter of 2019, and an increase of 18.5percent increase since the second quarter of 2018.