Nedbank Property Finance recently provided R500 million finance for the development of a 303-room three star Stay Easy Hotel and a 202-room four star Sun Square Hotel, both of which will be operated by the Tsogo Sun Holdings. Group.
By historical standards, housing in South Africa remains affordable and also compares favourably to affordability in other global housing markets. However, slower growth in local household income has seen a gradual deterioration in affordability since late-2013, says Dr Andrew Golding, chief executive of the Pam Golding Property group.
The face and fortune of Cape Town’s lower CBD is set for a sea change with the development of a R1-billion first of its kind five star hotel and apartment block combo in one of the city’s architectural masterpieces.
The JLL South Africa research team has released its Q1 2015 research reports with the addition of a new offering an analysis of the Johannesburg retail property market.
Equity House, a beautiful, historical office building, which is situated at 107 St. George's Mall in Cape Town, has recently undergone an extensive interior renovation.
New Property Ventures has embarked on extending and refurbishing its new Absa on Grove acquisition in Claremont, Cape Town by two floors, providing an additional 3500 m2 of A-grade office space.
R400 million office project breaks ground on the front row of the Roggebaai Office Precinct to be known as KPMG Place.
At the end of last year, house prices in Cape Town and Bloemfontein were accelerating, while the exact opposite was happening in Port Elizabeth this according to the latest Rode’s Report on the SA Property Market.

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