Government has been forking out nearly R1m a month to rent empty buildings and will continue to pay hundreds of thousands of rands more until March next year
Jo'burg bosses are planning to sell 'derelict' buildings in the inner city
Tagged under
Plans for the development's R80m revamp include creating a village feel and turning it into a family entertainment centre
The following article, sourced from the Pension & Real Estate Association in the US and equally applicable to South Africa, provides interesting insights for real estate developers, owners and users.
In any market analysis, the users and vendors of space need to take cognisance of the prevailing economic conditions. In taking strategic views and positions on the property market, one typically considers the trends in office demand or take-up, vacancies, rentals and escalations.
Following varying perspectives on the ‘severity’ of the demand/supply scenario in decentralised Johannesburg, we review recent demand/supply trends, and present a view on what we believe is a fair representation of the situation at present.
But a slow system of levy payment is holding things up
Pretoria flats have recorded rental growth of 27,1% to an average of R1684 in the one year period ended March, outclassing cities across the country, says a report by property services company Rode
Atterbury introduces new concept in neigbourhood living
Supply is outstripping demand by an average of 60% and the situation will persist with lax planning, says researcher Property Editor OLD Mutual Properties MD Ian Watt has criticised property services company Rode for what he says is an over-optimist...
More...
Property prospects look good despite a recent dip in share prices, reports Alison Beard
Laxey Partners, the dissident shareholder group seeking to shake up British Land
A privately owned, South African-based fund, Attfund Ltd. was recently launched and already has R600-million in property investments.
It's official: Joburg now takes the lead as the world's cheapest metropolis writes Simpiwe Piliso
eProperty News is a leading online commercial property marketplace serving the Southern African Investment, Office, Retail and Industrial property and allied sectors.