South Africa Property Trends Revealed

The Trafalgar City report 2008, reveals that analysis done on private and public sector property sales over the past two years has unearthed interesting trends throughout South Africa.

It showed that highly sought-after residential areas have experienced dramatic property price hikes despite escalating interest rates.

According to the report several suburbs have shown sales growth in three-bedroom houses and a corresponding drop in smaller home purchases.

The report highlighted that the worldview is slowly shifting towards sustainability and the concept of green building - the practice of increasing the efficient use of resources during construction, and reducing the impact construction has on human health and the environment.

South Africa has been criticised for lagging on these matters, which the report reflects is an issue the newly established Green Building Council of South Africa aims to tackle.

The government is also re-fitting more than 106,000 buildings and public offices in line with a policy of 'leading by example'.

News item compiled by Susandeacon.co.za

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