London has beaten New York for the second year in a row as the most important city for the ultra-wealthy, according to Knight Frank’s Wealth Report, an annual analysis of wealth flows and property investment around the world.

Barrow Properties and Menlyn Maine Investment Holdings have just announced the launch of Park Lane West, an 11 800 m ² sectional title office building, setting new standards in corporate design.

A prime piece of land in Bantry Bay, once a land claim belonging to the Tramway Trust, is now under development and set to become the biggest development ever in Cape Town.

The Institute of Estate Agents of SA (IEASA) Western Cape has been actively involved in educating the public and estate agents about the Finance Linked Individual Subsidy Programme (FLISP), a home loan subsidy for those whose gross combined household income was between R3501 to R15 000 at the time of the home loan approval.

I think the industry is in a very healthy state. Looking ahead, I think we’re going to see more global companies coming in.

The total value of sales in the South African housing market has been steadily increasing, with an 8.3% increase in the value of residential-property transactions from 2014 to 2015.

By all accounts, the next two years are going to be challenging ones for the residential property market, thanks to rising interest rates and slow economic growth.

Protea Hotels will invest about R627m developing two hotels in Uganda, says group.

Spire Property Management recently secured the management contracts for several retail centres in outlying areas of Durban and Johannesburg.

Recent CCTV footage captured a theft which took place at a house while the house was on show to potential buyers.