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Credit and mortgage advances
South Africa - Absa
Continued low-single digit growth in household credit balances

The first ten months of 2017 saw the value of outstanding credit balances in the South African household sector growing at a relatively subdued pace of 3,5% year-on-year (y/y) to an amount of R1 529,9 billion.

Household secured credit balances increased by 3,6 % y/y to R1 176,8 billion (76,9% of total household secured credit balances) in the 10-month period up to the end of October, which was the result of trends in household mortgage balances (see below) and instalment sales balances (21,8% of total household secured balances and largely related to vehicle finance), which showed growth 5,4% y/y up to end-October.

Unsecured credit balances in the household sector (R353,1 billion and 23,1% of total household credit balances) increased by 3,1 % y/y in the period January to October. Growth in general loans and advances balances (R206,9 billion and 58,6% of total household unsecured credit balances, while mainly consisting of personal loans and micro finance) slowed down further to only 2,9% y/y up to the end of October from a recent high of 5,4% y/y at the end of April this year.
Credit and mortgage advances (Oct 2017)

Tenants' right of first refusal to buy
South Africa - Leapfrog
Many tenants ask their landlords for first refusal, should the landlord ever decide to sell the property.

"For a happy tenant the right of first refusal is a fantastic opportunity to not only remain in the property they love, but to purchase it for themselves should the opportunity arise”, says Bruce Swain of the Leapfrog Property Group.

The right of first refusal means that a landlord agrees to alert the tenant when they’ve decided to put the property up for sale, offering the tenant the first opportunity to make an offer to purchase.
Tenants Right

Cape Town flats continue to lead in a modest rental growth market
South Africa - Rode
Since 2015, Cape Town flat rentals have been outperforming their peers strongly, but are taking a breather for now, only growing by 4% over the past year. This is according to the latest Rode’s Report on the SA Property Market. Cape Town’s super rental growth since 2015 echoes the superior growth house prices have been showing in the Mother City.

Over the past year, Durban has shown the strongest year-on-year growth (+7%) in flat rentals, compared with Pretoria and Johannesburg that recorded a 6% growth.

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