eProperty News

In a recent note, we indicated that, in the “post-lockdown” recessionary period we would likely see the direct economy-related pressures being more severe on the Industrial Property Sector, via a very weak.

The City is aware that during these difficult times, property owners are finding it difficult to pay their municipal rates and services in full, as their monthly income has been impacted due to the announcement of a national lockdown and we recognise the massive impact this will have on our already fragile economy. 

During the Corona Crisis-related lockdowns, many residential rental tenants would have seen their incomes decline sharply, and in certain instances even drop to zero.

Citizens and businesses wishing to move premises during the COVID-19 lockdown can now do so.

The Department Agriculture, Land Reform and Rural Development has announced the reopening of deeds offices across the country as per the revised lockdown regulations.

In a downturn, Property Market Values can deviate dramatically from the market “equilibrium” value, a value which can be far lower than market in recessionary times due to strong resistance by the market to dropping values to make the sales.

The Green Building Council of South Africa (GBCSA) is delighted to announce the appointment of sustainability expert Lisa Reynolds as CEO from 1 June 2020.

With the COVID-19 virus and related uncertainty continuing to weigh on businesses, Redefine Properties (JSE: RDF) has announced a 32% fall in its distributable income per share for the six months ended 29 February 2020 to 33.46 cents from 49.19 cents in the prior comparable period.

Urbanisation has been a major watchword of the 21st century, with 55% of the world’s population already living in urban areas and numbers expected to increase to almost 70% by 2050, however, the course of urbanisation is likely to be significantly altered by several forcible disrupters.

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