November hotel revenues - strong year-on-year growth off a low 2020 base, but still far weaker than 2019.
Across the market, residential property sales in Bloemfontein last year (2020) were the highest recorded during the past decade, despite the impact of Covid-19 and the lockdown, says Pam Golding Properties area principal, Ulrich Sirgel.
Attacq Limited (“Attacq”), the leading JSE-listed REIT, with a high-quality portfolio of commercial assets comprising office and mixed-use, retail, light industrials and hotel spaces valued at R20.4 billion as at 30 June 2020, has experienced continued positive leasing activity despite lockdown operating conditions.
After the five aggressive repo rate cuts last year that dropped the prime lending rate to a historic low of 7%, homeowners and aspirant buyers have been holding their breath, waiting for the pendulum to swing the other way in 2021.
The South African economy began its journey to recovery during the third quarter of 2020 - this after the national lockdown aimed at curbing the spread of COVID-19 had sent it into a tailspin.
While the Home Buying Market is buoyant, still being driven by sharply lower interest rates this year.
JSE listed REIT Octodec Investments Limited, today announced its annual results for the year to 31 August 2020, against a weakening economic environment exacerbated by the COVID-19 pandemic and subsequent lockdown.
JSE REIT Stor-Age, South Africa’s leading and largest self storage property fund, continued to outperform the sector, delivering a strong performance for the six months ended September 2020.
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