According to Lightstone, Bryanston was the top selling suburb in the country last year in terms of sales volume and total purchase price achieved, with Sea Point in the Western Cape second and Midstream Estate in Gauteng in third place.

Weighing residential and commercial real estate investments amid South Africa's challenging economic backdrop

Minor Hotels, an international hotel owner, operator and investor with more than 540 hotels in 56 countries in Asia Pacific, the Middle East, Africa, the Indian Ocean, Europe and the Americas, is pleased to announce the signing of a strategic partnership with The Cavaleros Group to manage a hotel in Johannesburg, South Africa.

Recent reports show that currently the South African property market is booming and that buyers are showing interest from all corners of the globe.

The South African retail industry operates in a complex and challenging environment.

One of the most important decisions investors face when entering the rental market is choosing between letting a property on a long-term lease or opting for short-term rentals as both options have their advantages and challenges.

1st Quarter 2024 Property Sales Activity Survey –Brokers point to the commercial property market being off to a start that lacks clear direction in sales activity, much like the economy that drives it. The City of Cape Town is perceived as the major metro region with the strongest sales activity.

Eastern Cape’s major metros are seeing an influx of people from surrounding rural areas, driven by access to tertiary education at the province’s major universities and the search for meaningful employment opportunities. Though the urbanisation trend is not unique to the Eastern Cape, the province’s metros are particularly understocked to meet the high demand for affordable housing, according to Letlatsa Lekhelebana, Senior Portfolio Manager and Funeka Ndalasi, Portfolio Manager at TUHF in the Eastern Cape.

Today’s announcement by the Monetary Policy Committee (MPC) that the repo rate would remain unchanged at 8.25% - meaning that the prime rate holds steady at 11.75% - was disappointing for consumers with significant borrowings, including those with existing mortgages as well as first-time home buyers, says Dr Andrew Golding, chief executive of the Pam Golding Property group.