eProperty News

With the inflation outlook deteriorating since the previous Monetary Policy Committee meeting – with the headline inflation rate again breaching the upper limit of the 4-6% target for the second consecutive month at 7.4% in June 2022, it was inevitable that a decision would be taken to further increase the repo rate, the question was simply by how much.

GMI Properties Group announces the development of the much-anticipated Bronkhorstspruit Mall, ideally situated with excellent visibility from the N4 and the R25.

The JSE listed specialist logistics property fund, Equites, today officially announced that it has concluded a transaction in terms of Statement 102 of the Codes of Good Practice on Broad-Based Black Economic Empowerment (“B-BBEE”) with Mabel Black Knight Investments 1 Proprietary Limited (“Mabel”).

Demand for residential rental properties saw some recovery in the first quarter of 2022 with the vacancy rate recovering to 8.26%, compared to 13.31% a year earlier, according to TPN Credit Bureau’s Residential Rental Monitor.

After four, consecutive interest rate increases, there was scant hope that the MPC’s latest announcement would hold good news for homeowners.

The still-bigger 75 basis point hike announced this afternoon, after the previous 125 basis points’ worth of rate hikes at prior meetings, makes the cumulative impact on interest rate hiking significant to date.

Restaurant and Take-Aways data for May 2022 points to “solid but slowing” growth in tougher economic times….after the “Fast Food and Take-Aways” category has made huge inroads through.

With three months until Boardwalk Mall’s official opening, the development is comfortably on track to open fully-let, bringing the best shopping, leisure and entertainment South Africa has to offer to Gqeberha.

Vaal Mall is showing their commitment towards their community by stepping up to repair potholes in the centre’s vicinity.

Hyprop, which manages dominant retail centres in mixed-use precincts in key economic nodes in South Africa (SA), Eastern Europe (EE) and sub-Saharan Africa (SSA), said in a pre-close update to the market that its current consolidated loan-to-value (LTV) is circa 40%, down from a historic 47%.

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