Wednesday, 01 September 2021 14:37

Another record sale in Johannesburg CBD

Aucor Property has once again set a record with the sale of 4 mixed-use, multi tenanted properties in the Johannesburg CBD for R115 million on a recent multiple auction.

Growthpoint Properties (JSE: GRT) has commenced the development of Kent, its first greenfield sectional title residential development in KwaZulu-Natal.

Even though the COVID-19 pandemic has had an impact on the property market across South Africa, there are still significant investment opportunities to be had, especially in the residential sector.

Most people are familiar with the basic concept of zoning; that it determines the purpose for which a property can be used.

Emira Property Fund (JSE: EMI) declared a final dividend of 66.65 cents per share, taking the dividend for its full financial year to 30 June 2021 to 118.65 cents per share - up 13.7% on the previous year.

With the Protection of Personal Information Act (POPIA) coming into effect this week (1 July), community housing schemes which have not yet done so urgently need to appoint their official Information Officers and ensure that they are registered with the Information Regulator.

Brokers continue to see all 3 major commercial property buying/selling markets as substantially oversupplied, but the perception is that the Industrial Property Market’s oversupply is the least significant.

Second quarter oobarometer statistics released by ooba, South Africa’s foremost home loan comparison service, show how the fresh perspective on home and work life brought about by the COVID-19 pandemic has influenced home buyers to buy real estate that suits their new found needs, at a higher average price. 

Given the vulnerability of South Africa’s economy in the wake of last week’s unrest, as anticipated, the Monetary Policy Committee adopted an accommodative approach by deciding to keep the repo rate steady at 3.5%, which leaves the prime rate at 7%, says Dr Andrew Golding, chief executive of the Pam Golding Property group.

Communicare was victorious in its battle to have its property returned when the High Court ordered, on 24 May 2021, that 24 apartments that were illegally hijacked immediately be returned to the organisation.  

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