If there is one thing property investors in Africa can be certain of during the Covid-19 pandemic, it is that nothing is 100% certain.

Wednesday, 26 February 2020 20:01

No transfer duties for property valued below R1m

From next month, consumers buying property valued at less than R1 million will no longer be required to pay transfer duties, the National Treasury announced on Wednesday.

Property investment decisions are big decisions that need a proper landscape to provide direction.

JSE listed diversified real estate investment trust Redefine Properties today announced that its legendary founder and pioneering property investor and developer Marc Wainer retires from the company at the end of August 2019. 

The surge in first-time buyers entering Cape Town’s property market – a notable 3.3 times more than this time last year – augurs well for a gradual house price recovery in the next few months, says Dr Andrew Golding, chief executive of the Pam Golding Property group.

From 2010, when Nedbank completed its headquarters on the corner of Rivonia Road and Maude Street to become the country’s first Green Building Council South Africa (GBCSA) Green Star-certified building, Sandton Central has remained on the cutting edge of green building practices on the African continent.

Rental growth affects values within the industrial property sector, plus is a large determinant of business costs.

Rudi Botha, CEO of SA’s leading bond originator BetterBond, says the SONA was very wide ranging and covered a huge number of initiatives, but that there were definitely some highlights for the real estate market.

Stenprop, the UK multi-let industrial property investor, has acquired an industrial estate in Bridgwater, Somerset, in an off-market deal from a private investor for £4.8 million, which reflects a net reversionary yield of 6.9%.

ABSA Towers Main and Jewel City to be redeveloped and linked to Maboneng.

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