House prices are expected to decline by 10% this year, but the luxury end of the market is showing strong signs that the residential market is at a turning point.

The Trafalgar residential rental index rose by 11,2% in the year to June despite signs of SA’s residential tenants coming under increasing financial But most of that happened last year.

Property development in inner-city Johannesburg is bucking the recessionary trend and is likely to continue to do so for years to come.

The 32-storey hotel, with a gross lettable area of 26 093m² and 566 self catering units earning a rental income of R30m a year, is geared for student accommodation.

As the murmur of voices grew into an intense hum, the auctioneer’s voice cut through the assembled crowd, calling the bids as the auction rose in intensity.

Lew Geffen and a group of associates this week launched their own auction house.

A prime piece of Fourways land in the heart of one of SA’s fastest-growing areas, is coming under the hammer.

A less posh version of favourite social spaces like Melrose Arch, the 120 End Street development is within walking distance of 150 000 residents in Hillbrow, Berea, Joubert Park and the city centre.

Inner city property developer Aengus Lifestyle Properties has begun converting the historic YMCA building in Bramfontein into its biggest mixed-use development to date.

Commenting on the decision by the Monetary Policy Committee to reduce the repo rate by one percent, Dr Andrew Golding said while this was most welcome news, a two percent decrease would have sent a meaningful message to the economy.