Office occupancies in Cape Town and Durban could well be seeing an upswing – welcome news in markets that have suffered from rising vacancies in the wake of corporate downsizing and restructuring in the wake of the COVID-19 pandemic.

Finance Minister Enoch Godongwana delivered his maiden budget speech yesterday with few surprises. A R181 billion tax windfall, primarily as a result of a commodities boom, has helped to improve the state’s fiscal situation.

Local and international migration have undoubtedly been driving forces in the South African property market during the past decade and their recent resurgence after travel and lockdown restrictions were eased have come as no surprise.

Situated in the heart of Cape Town City Centre just off Long Street, Uxolo on 4 Vredenberg Lane provides a unique combination of long-term rental and short-term lease in modern, design-led micro apartments.

The 13-storey Sunbel building, a landmark in Cape Town’s Bellville Central Business District, is up for sale.

According to Yael Geffen, CEO of Lew Geffen Sotheby’s International Realty, the decision by the South African Reserve Bank’s Monetary Policy Committee (MPC) to raise the repo rate by 25 basis points to 4% is not unexpected.

Comment from Carl Coetzee, CEO of BetterBond, on today's repo rate increase:

According to statistics from ooba, South Africa’s foremost home loan comparison service, competition amongst the major banks for a bigger share of the home loan market remained fierce during the fourth quarter of 2021 (Q4 21).

The StatsSA November 2021 release of non-residential building plans pointed to early signs of weakening to come for the Commercial Property Building Sector in the run up to 2022.

Vantage Capital (www.VantageCapital.co.za), Africa’s largest mezzanine fund manager, announced today that it has arranged R430 million of mezzanine funding for the development of Seaton Estates, a residential coastal development located on the North Coast of Kwa-Zulu Natal, South Africa.