On the back of improving sentiment, global real estate investment is projected by Savills World Research to rise by 7% to US$747 billion in 2024, with further growth to US$952 billion forecast for 2025, says Andrew Dewey, MD of Swindon Property, which is Savills’ commercial associate in sub-Sarahan- Africa.
Growth in US home construction slowed in July after a strong surge the previous month, according to Commerce Department data.
Despite ongoing macro risks, sentiment in the commercial property market remains positive across much of the world, although there are some exceptions to this broad trend, according to the second quarter 2015 Royal Institution of Chartered Surveyors (RICS) Global Commercial Property Monitor.
Us investors are seeking specialised property funds and SA, which has potential for more specialisation, is now on their radar.
Sales of new US single-family homes surge in May to the highest pace in seven years showing evidence of a housing market pick-up.
Trendy US youth fashion brand, Forever21, will open its first store on the African continent on Saturday 13 September 2014 in Hyprop's leading super-regional mall, Canal Walk.
Knight Frank's Prime Global Cities Index shows luxury residential prices across the index's 32 cities rose by 6.2% on average in the year to June 2014.
Marshall Monteagle reports headline earnings per share of 6.4 US cents for the year ended September 2013 from 12.7c a year ago.
The report released by global property consultancy Knight Frank LLP, shows that South African buyers outperformed buyers from far wealthier countries such as Germany, Singapore, Saudi Arabia, Switzerland and Canada over the past 3 years.
Estate agents have expressed confidence about the sustainability of foreign interest in the South African residential property space post the 2010 Soccer World Cup.
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