JLL, one of the world’s leading real estate investment and advisory firms, today released its 2019-2020 South Africa Investment report which provides insights on key investment trends observed following the impact of COVID-19.

Fairvest Property Holdings Limited (“Fairvest”) today announced the finalisation of the due diligence for its disposal of Tokai Junction, a 7 618m2  retail centre in Constantia, Western Cape to FPG Holdings Proprietary Limited for R180 million.

A R113m new convenience retail centre will open at Atterbury’s Richmond Park development, the site of the biggest land restitution in the Western Cape, in April 2020.

"Amidst the tough trading conditions and the subdued performance of the real estate sector as a whole in South Africa, Spear should be one of a REIT investors go to stocks.''

Sentiment is a key driver of investor confidence and the residential property market is no different in this regard.

Commercial property development company, Heartwood Properties , has revealed a 30% increase in their portfolio value, and a 29% increase in net asset value at the end of their first year as a listed company on the 4AX (4 Africa Exchange).

Wednesday, 18 September 2019 16:00

WPN reveals SA Women in Property Awards finalists

The Women’s Property Network (WPN) has announced the finalists of the South African Women in Property Awards (SAWIPA), marking a celebration of female excellence in the local commercial property sector.

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.

Shareholders in JSE-listed REITs, Gemgrow Properties  and Arrowhead Properties ( gave their stamp of approval at their respective shareholder meetings on Thursday, 22 August 2019 to the reverse takeover of Gemgrow by Arrowhead, launching a R16 billion (including listed investments), South Africa-focused property fund.

Today’s repo rate reduction of 25bps (to 6.5%), coupled with early indicators of recovery in the South African residential property market augur well for the balance of the year and underscore the opportunity for home buyers to capitalise on the current favourable market conditions before the market enters a decisive upturn.

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