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Since 2015, Cape Town flat rentals have been outperforming their peers strongly, but are taking a breather for now, only growing by 4% over the past year.
For many years, Cape Town's East City Precinct was regarded as the less desirable fringe of Cape Town’s CBD, largely overlooked by the developers who have been reshaping the city scape during the last decade.
Almost two years to the day since listing on 16 November 2015, JSE self storage specialist REIT, Stor-Age, today announced continued strong results for the six months to September 2017 and declared a dividend for the fourth consecutive period of 47.02 cents per share.
Asrin Property Developers have broken ground and construction has begun at their 98 unit Cedar Place development in Grassy Park, with handovers expected to begin on 31 October 2018.
Visitors are paying premium rental prices to enjoy the pristine beaches and cosmopolitan lifestyle the Mother City has to offer, says Pam Golding Properties, with homes along the popular Atlantic Seaboard fetching daily rentals of around R30 000.
As the only South African city with a thriving CBD, Cape Town’s adjacent City Bowl uniquely offers the perfect synergy of urban accessibility and suburban lifestyle, which makes it especially appealing to millennials (under 35’s) who accounted for 42% and 25% of recent buyers in Vredehoek and Gardens respectively.
Despite of the poor performance of industrial stand values in the country overall, due to declining economic confidence, those in the East Rand and Cape Peninsula still managed to enjoy real growth in the second quarter of 2017.
A “lack of vigour” may be the best way to describe current performance across the full spectrum of property in South Africa.
The Sectional Title Home Market appears to be opening up a wider gap in terms of the house price inflation differential between itself and that of the Full Title Home Market.
Rabie Property Group scooped the 300th green building certification at the Green Building Council of South Africa at the organisation’s recent 10th annual convention at Century City.