eProperty News

Located in the heart of the Sandton CBD, 96 Rivonia is Joburg’s hottest new serviced office space, with breathtaking views to boot. 

Fairvest Property Holdings Limited (“Fairvest”) today announced results for the six months to December 2020 that portrayed strong improvements in property fundamentals and a pleasing 7.2% increase in distribution against the most recent six months to 30 June 2020, which were at the height of the COVID-19 lockdown.

Hyprop, the retail-focused REIT with a R45.4 billion portfolio of shopping centres in South Africa, Eastern Europe and sub-Saharan Africa, improved its distributable income by 18% in the six months to 31 December 2020 compared with the six months to 30 June 2020.

Tuesday, 09 March 2021 14:46

GDP shrinks by 7%

The South African economy contracted by 7% in 2020, Statistician-General, economy , has revealed.

As the world grapples with the uncertainty surrounding the long-term implications of Covid-19, there is a measure of agreement on one thing - the global pandemic has fast-tracked numerous trends which were already emerging prior to the crisis.

Buying a home is probably one of the most important - and expensive - purchases many people will make.

Monday, 22 February 2021 15:19

Redefine well positioned for upward cycle

JSE-listed REIT, Redefine Properties, says its balance sheet is in a stronger position than it was before the COVID-19 pandemic struck and that it should be well-positioned to take advantage of opportunities by the end of the financial year in August. 

Cape-based Flyt Property Investment has made available a further R50million to investors wanting to make the most of the Section 12J tax incentive before the upcoming tax year end (28 February).

With the news recently in that Eskom will be hiking electricity tariffs by 15.63% from April, commercial and retail tenants will be bracing for increased strain on already tightly stretched budgets.

During the COVID-19 pandemic, property stocks in general took a significant hit, where retail and commercial office space – and even some industrial property holdings – were affected. In contrast, lower-income affordable housing – and inner-city housing in particular – has performed better than most other property markets in South Africa over the same period.

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