eProperty News

Despite less than 300km separating the Eastern Cape cities of East London from Gqeberha (formally Port Elizabeth), the contrast in the residential rental property market could not be more significant.

The residential property market continues to strengthen, as interest rates remain at record-low levels after a year in which the repo rate remained below 4%, says Carl Coetzee, CEO of BetterBond.

Attacq, the JSE-listed owner and developer of an award‐winning property portfolio, is delighted to announce that FNB Commercial Banking is the latest financial services business to make Waterfall City its new home.

JSE-listed diversified real estate investment trust Redefine Properties, has reported a lower distributable income per share of 26.2c for the interim period to 28 February 2021, driven principally by the impact of Covid-19 on the property sector and broader economy.

JSE listed Balwin Properties, a developer that cares about environmentally responsible building practices and the delivery of high-quality apartments to its valued clients, reported continued strong demand for its unique lifestyle apartments despite losing three months’ construction time to Covid restrictions during the financial year ended 28 February 2021. 

South-African focused JSE-listed diversified REIT, Dipula Income Fund, today announced robust results for the six months ended 28 February 2021.

Growthpoint Properties (JSE: GRT) is applying its development expertise to unlock sustainable value for La Lucia Mall, one of its core property assets in KwaZulu-Natal and a jewel in the crown of its retail property portfolio in the province.

Flanagan & Gerard Group and Emfuleni Resorts, a subsidiary of Sun International (JSE: SUI), have officially commenced construction of Boardwalk Mall.

The South African Reserve Bank (SARB) is set to hold the repo rate at the 18-20 May meeting, according to a unanimous vote by 21 economists on Finder’s repo rate forecast report.  

Recent reports on property market trends from Q1 2021 have revealed trends in South Africa which are both alarming and inspiring, depending on your position in the market.

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