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Recently, there have been hints emanating from our FNB Estate Agent Survey that foreigner demand for local residential properties may be declining.
Much has been said about the semigration of buyers – notably Gauteng buyers – to the Western Cape.
It is official. Century City Square, the new all-green commercial and hospitality hub of Century City, is South Africa’s top mixed use development.
There can be no arguing against the fact that the provision of affordable housing is a vital component of the social transformation and empowerment efforts of local and national governments across South Africa.
Group CEO of Broll Property Group, Malcolm Horne has been appointment President of the South African Council of Shopping Centres (SACSC) at a recent Annual General Meeting.
Atterbury Europe has entered into a 50/50 joint venture with Iulius .
Stuart Chait, Executive Chairman of Land Equity, a South African based privately held property investment, development and private equity company, has called on government to back Black Economic Empowered (BEE) property developers by making access to funding easier.
Indluplace Properties Limited, the first residential focused REIT listed on the JSE, today announced that it has concluded an agreement with the Buffet Group to acquire 2 914 residential units with 3 400m² of associated retail space for a purchase price of approximately R1,4 billion.
It is important to understand that, due to significant resistance by home sellers to house price declines, in times of economic and residential demand slowdown the residential market can often move away from market equilibrium price.