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Perceptions about the property market improved in the third quarter.
The payback period on commercial solar photovoltaic (PV) systems has decreased substantially and many companies can now expect solar panel installations to pay for themselves within five years or less.
Growthpoint Properties today launched the first and only property portfolio in South Africa to be highly rated by both the South African Property Owners Association (SAPOA) and the Green Building Council South Africa (GBCSA), aptly named the Thrive Portfolio.
The latest ruling by the Constitutional Court, allowing Eskom to retrospectively ask the National Energy Regulator of SA (Nersa) to claw back additional tariffs from consumers could lead to further hikes in the price of electricity for South Africans.
Two key infrastructure projects – a 288 unit residential facility and the complete rebuild of the electricity substation – have been completed at the University of Zululand’s main KwaDlangezwa Campus.
JSE listed Balwin Properties has partnered with SolarAfrica to introduce solar energy to its upmarket developments.
Hyprop Investment Limited’s Gauteng-based regional shopping centre, Clearwater Mall, has added additional solar photovoltaic (PV) to their roof.
There are a few significant changes on the cards for the South African property sector in 2017.
There is a dire shortage of accommodation in Johannesburg for those looking for rentals between R2 000 and R3 000 per month.
The raising of the threshold for transfer duty on properties sold for less than R900 000, up from R750 000, as announced in today’s National Budget, is positive news as it provides some relief for first time home buyers, says Dr Andrew Golding, chief executive of the Pam Golding Property group.