Nedbank has approved a R150 million loan to Proventus Property (Pty) Ltd, providing takeover finance for a R310 million portfolio of properties within the group. 

Latest oobarometer reports that the average purchase price of homes in South Africa has gone up 5,2% year on year

The huge shortage of student accommodation and decent housing close to places of work has led to property group Citiq purchasing two sets of grain silos in Newtown, with the intention of converting them into residences.

Namibia is experiencing increasing interest from South African home buyers, mainly among those seeking to acquire homes in Windhoek and leisure and residential properties in Swakopmund

The value of recorded Non-residential building plans passed between January 2012 to November 2012 increased by 6.9% compared to same period 2011; industrial property in front of the pack in planning and completions.

The low interest rate environment and slow growth in property prices make it a good time to buy from a value and affordability point of view. 

The residential property market survived 2012 with a few nicks and bruises but, generally it remained stable with positive signs; like the banks relaxing their loan requirements and the historically low repo rate to help matters along. 

Although it has not yet regained its shine as an investment, the attractiveness of residential property as an investment does appear to be gradually improving.

A vibrant, creative hub in downtown Johannesburg which is tangible proof of the successful regeneration of an inner city precinct that once seemed doomed to ongoing urban decay, the Maboneng Precinct is undergoing further transformation and growth.

The August 2012 residential market overview compiled by the highly respected analysts, Lightstone, reveals clearly that the four major banks in South Africa, as well as, Investec and SA Homeloans have by-and-large come to terms with and solved the unpaid mortgage loan crisis that hit them in 2008/2009.