eProperty News

Hammerson plc confirms possible disposal of its stake in VIA Outlets to its joint venture partner APG.

The Land Use Development Management directorate within the Department of Development Planning will, as of Monday, 03 August 2020, commence with the advertising of land use applications, as required by the City of Johannesburg Municipal Planning Bylaw, 2016.

The current, exceptionally low interest rates in South Africa have sparked off a sudden and unexpected call for residential property bonds.

Failure by construction industry players to comply with Covid-19 hygiene regulations and protocols could lead to site shutdowns which the industry can ill afford, says Databuild CEO Morag Evans, given that it was already in a severe slump prior to the outbreak of the pandemic.

With the interest rate at its lowest in decades, after the welcome announcement today of a further 25 basis points drop in the repo rate, it may now be more financially prudent to buy rather than rent a home.

The further reduction of the repo rate by 25 basis points to an all-time low of 3.5% takes the prime interest rate down to 7%, says Dr Andrew Golding, chief executive of the Pam Golding Property group.

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