Renewed energy has been the hallmark of the Gauteng market since the beginning of the year; the change underpinned by a more positive national sentiment prompted by the change in national political leadership.

Those hoping for good news for the South African property market in the 2018 budget speech were likely disappointed by the lack of change to the sector’s key influencing factors.

The Middle East is weak. Europe, Hong Kong, Macau and Canada continue to experience strong price rises. But China, Russia, Japan, and most of the Middle East are experiencing either house price falls - or a sharp deceleration of house price rises

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.

As South Africa continues to face an increasingly harsh economic climate due to further credit downgrades and high levels of fiscal uncertainty. 

JSE AltX-listed property development company Visual International (Visual) has announced a R500 million funding agreement with New York-based alternative capital provider Milost Global Inc.

Investec Property Fund (“IPF” or “the Fund”) is pleased to announce an interim dividend of 68.37 cents per share (cps) for the six months ended 30 September 2017 (Sept 16: 60.91 cps).

Tuesday, 07 November 2017 11:28

'Rentvestor' a new breed of property buyer

South Africa is currently seeing the emergence of a new type of property buyer known as a “rentvestor”, says Gerhard Kotzé, MD of the RealNet estate agency group.

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.

Third quarter statistics (Q3 2017) from ooba, South Africa’s leading bond originator, show nominal positive growth of 3.3% on Q3 2016 in the average House Purchase Price.

Page 5 of 17

Most Popular

Mall of Africa Celebrates Launch of New Generation Pick n Pay Store

Sep 23, 2019
 MOA PNP  1
Today Mall of Africa welcomed one of South Africa's biggest grocery retailers to the…

Exemplar REITail Acquires Katale Square Shopping Centre

Sep 23, 2019
 JASON MCCORMICK
Real estate investment trust, Exemplar REITail, has acquired Katale Square shopping…

City of Joburg Housing Development wins UN award

Sep 17, 2019
 MESHACK VAN WYK
The City of Johannesburg’s Housing department has won a Sustainable Cities and Human…

Mixed-use is the key to funding hotel development in Africa

Sep 17, 2019
 XANDER NIJNENS
JLL’s research into global property transactions reveals that in the first half of 2019,…

Grit Real Estate financial results for the year-ended 30 June 2019

Sep 30, 2019
 BRONWNY CORBETT
London Stock Exchange listed Grit, the only listed Africa-focused income distribution…

Please publish modules in offcanvas position.