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While house price growth in Gauteng has shown tentative signs of recovery in the last 12 months, the residential property market in the greater Midrand region has, in terms of demand, steadily continued its upward trajectory on the back of rapid development in the area.
JSE-listed diversified real estate investment trust Redefine Properties has delivered another solid performance after increasing its distribution by 7.5% to 44.82 cents per share for the six months to 28 February 2017.
Real estate consulting firm, JLL SSA, has released its 2016 Investment Review of the South African property market with analysis reporting a R28.8bn increase in investment (from 18,5bn in 2015), and a similar 52.8% increase in gross lettable area (2 million square metres).
The Property Practitioners Draft Bill was published for comment on 31 March 2017 and when gazetted into law, will replace the Estate Agency Affairs Act of 1976.
JSE listed Trematon Capital Investments Limited (“Trematon”, “the Group” or “the Company”), the Western Cape focused actively managed Investment Holding Company, today announced solid financial results for the six months to 28 February 2017.
MAS Real Estate Inc. (“MAS”), a commercial property investor, developer and operator listed on the JSE and Bourse de Luxembourg, today announced the acquisition of two shopping malls in Bulgaria, for €62million.
The collective suburb of Berea, comprising smaller suburbs like Greyville, Musgrave and Upper Glenwood, was once home to some of the oldest manors in Durban.
A new development of 16 300 square metres of premium grade offices, which will include new regional offices for Discovery, is to be built on a prime gateway site at Century City.
MSCI Inc. (NYSE: MSCI), a leading provider of investment decision support tools worldwide, including indexes, portfolio risk and performance analytics and ESG research, has released the IPD South Africa Annual Property Index, which shows the South African property investment sector delivered an ungeared total return of 11.1% in 2016.