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The property market in the Southern Suburbs has performed valiantly in the face of the political and economic uncertainty of 2017, showing solid growth in prices despite the significant drop in sales volumes.
While the South African business sector is faced with many challenges, particularly as a result of uncertainty around the future leadership of the ANC, there is significant opportunity for growth sectors of the local industry during 2018.
With much still riding on the outcome of the ANC elective conference later this month (16-20 December 2017) which, coupled with the Budget Speech in February next year (2018), will impact on business and consumer confidence and market sentiment in general.
In a groundbreaking real estate transaction, Barloworld, Atterbury and African Rainbow Capital have partnered as co-investors in the redevelopment of the prime Barlow Park Campus, situated at 180 Katherine Street, Sandton.
The FNB/BER Building Confidence Index fell to 31 in 4Q2017, from 35 in 3Q2017.
As South Africa continues to face an increasingly harsh economic climate due to further credit downgrades and high levels of fiscal uncertainty.
Standard & Poor's Global Ratings has again downgraded SA's foreign and local currency ratings by one notch each to BB and BB+ respectively.
JSE-listed diversified Real Estate Investment Trust (REIT) Redefine Properties (JSE: RDF) continues to advance its geographic diversification strategy with a strategic 25% stake in a 1 billion euro retail portfolio of 28 quality, established and well located assets across Poland.
Inaugurated this month (November 2017) in Toronto, Canada, new Royal Institution of Chartered Surveyors President, John Hughes (FRICS*), emphasises the fact that infrastructure is vital to the successful growth of sustainable cities.
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.