Property News

2020 SA Commercial Property Market Outlook very cautious

The prospects for the South African commercial property sector for 2020 remain stagnant, according to a new report by John Loos, Property Sector Strategist at FNB. Macro-economic and political landscape uncertainty suggests that a cautious outlook for South African commercial real estate is likely to persist into 2020. The prospects for the South African commercial […]

Property News

South Africa waits for positive “structural economic reforms”

We head into 2020 with little in the way of improvement in key leading economic indicators, suggesting to us that the commercial property market will likely see “more of the same” this year meaning a further rise in the average vacancy rate, pressure on rental growth, further real capital depreciation, and, single digit total returns. […]

Property News

Are golf courses suitable for development?

A joint statement by The City of Cape Town’s Mayoral Committee Member for Economic Opportunities and Asset Management, Alderman James Vos and Councillor Zahid Badroodien, Mayoral Committee Member for Community Services and Health: Rapid urbanisation is leading to an acute need for accommodation that is close to economic opportunities, amenities and public transport. However, one […]

Property News

RE/MAX’s National House Report shows a slower quarter than usual

The property market of 2019 is most accurately described as being a trying one at best, characterised by slow national house price growth and a supply that far outweighed the demand in most areas across the country. Despite this, the RE/MAX National Housing Report for Q4 2019 reveals that the fourth quarter of 2019 managed […]

Property News

Good news for South Africans: Reserve Bank cuts Interest rates

Reserve Bank governor Lesetja Kganyago announced an interest rate cut of 25bps on Thursday South Africa’s Reserve Bank on Thursday reduced interest rates from 6.5% to 6.25%., citing concerns about power blackouts, weak rand, and labor conflicts. In a move that could offer some respite to SA’s battling consumers Reserve Bank governor Lesetja Kganyago announced […]

Property News

Property experts voice opinion over recent repo rate cut

Samuel Seeff, chairman of the Seeff Property Group: “The decision by the Reserve Bank’s Monetary Policy Committee to cut the repo rate by 25 basis points to 6.25% (from 6.5%) reducing the mortgage rate to 9.75% (from 10%) is welcomed, but we need more.” “The Reserve Bank’s stance has been too conservative over the last […]

Property News

Property experts voice opinion over recent repo rate cut

Samuel Seeff, chairman of the Seeff Property Group: “The decision by the Reserve Bank’s Monetary Policy Committee to cut the repo rate by 25 basis points to 6.25% (from 6.5%) reducing the mortgage rate to 9.75% (from 10%) is welcomed, but we need more.” “The Reserve Bank’s stance has been too conservative over the last […]

Property News

Rate cut welcomed for housing market, but more needed

The South African property market has welcomed the Reserve Bank decision to cut the repo rate by 25 basis points however argued that more was needed. The decision by the Reserve Bank’s Monetary Policy Committee to cut the repo rate by 25 basis points to 6.25% (from 6.5%) reducing the mortgage rate to 9.75% (from […]

Property News

How to invest in residential property like a pro

 Despite the rollercoaster ride that South Africa’s economy has endured over the past decade, one asset class that consistently outperforms the stock markets is property. But is this still the case in 2020? Ben Shaw, CEO of digital long-term letting platform HouseME, believes that opportunities still exist for savvy investors, particularly in the buy-to-let market. […]

Property News

Empty Retail space takes a toll as Massmart plans to close 34 DionWired and Masscash

Massmart, which is 51% owned by US giant Walmart, has announced plans of closing 23 Dion-Wired stores and 11 Masscash wholesale outlets. Retailer Massmart, which is 51% owned by US giant Walmart, has announced plans of closing 23 Dion-Wired stores and 11 Masscash wholesale outlets, a move that lead to the loss of up to […]

Property News

Residential property demand-supply gap narrowing says FNB

The FNB HPI was unchanged at 3.5% year-on-year in December, taking the average annual house price growth to 3.6% year-on-year for 2019, from 3.8% year-on-year in 2018. This is marginally above FNB’s forecast of an average annual growth of 3.5% year-on-year. After a slow start to the year, the combination of a mild improvement in […]

Property News

Workshop17 aims to double number of co-workspaces by 2023

As the co-working industry continues to grow in the country, Workshop17’s latest state-of-the-art collaborative facility in Cape Town’s City Bowl has moved the company a couple of notches above its competitors. Comprised of thirty modifiable private offices, hot-desking, café co-working, meeting rooms, boardrooms and a top floor café area, the Kloof Street location has become […]

Property News

RDI announces continued progress of strategic disposal programme

RDI, the income focused UK Real Estate Investment Trust has announced positive letting activity and continued progress on its strategic disposal programme. Mike Watters, CEO of RDI, commented: “Our asset management team has delivered a number of letting successes, reflecting our ongoing focus on maximising the potential of our core portfolio. Within our non-core portfolio, […]

Property News

Continued demand for new residential developments

  Pretoria is currently experiencing an increase in new developments, including commercial and mixed-use precincts, says Retha Schutte, Pam Golding Properties Pretoria regional executive. “The massive investments from large corporations and private companies into the local economy in the region are encouraging to prospective buyers who continue to show huge interest in buying property in […]

Property News

There’s trouble bubbling at Sandton’s skyscraper — The Leonardo

Leonardo developer, Legacy Group canceled the contract with construction group, Aveng in a dispute about delays. The developer of the R3 billion Sandton skyscraper, the Leonardo, has shown the troubled construction company, Aveng, the exit door after terminating its contract. The Leonardo is a mixed-use development and Africa’s tallest building, developed by the Legacy Group […]

Property News

Eskom chairman calls its quits, electricity rationing resumes

Eskom on Friday announced that its group chairman, Jabu Mabuza has tendered his resignation. Eskom on Friday announced that its group chairman, Jabu Mabuza has tendered his resignation just after a week into renewed electricity rationing, as the utility failed to keep the lights on. Mabuza resigned unexpectedly taking the rap for Eskom’s failure to […]

Property News

Soweto’s humble Property Giant, Richard Maponya praised for Township Development

Richard Maponya, the property developer of Soweto’s mega shopping center, Maponya Mall, died early on Monday at the age of 99. Business icon Richard Maponya, who died early on Monday, has been praised for establishing Soweto’s mega R650m Maponya Mall that opened in 2007. It was the first investment of its size in a township […]

Property News

Edgars Store vacates from upmarket Rosebank Mall

Edgars Stores has decided to close its doors in the trendy Rosebank Mall owned by JSE-listed Hyprop Investments. Struggling clothing retailer Edcon Holdings which owns Edgars Stores has decided to close its doors in the trendy Rosebank Mall owned by JSE-listed Hyprop Investments. The retailer has been in trouble for some time, suffering slowing consumer […]

Property News

The live-work-play lifestyle of vibrant Bryanston holds broad appeal

  With its convenient and idyllic location, Bryanston is popular with buyers looking for a suburban lifestyle. The suburb has broad appeal, attracting young professionals and families, as well as those looking for a secure and lavish lifestyle, those upgrading to bigger properties, or business people who possibly have homes in other parts of the […]

Property News

5 Emerging Real Estate Trends For 2020 And Beyond

Cape Town, 7 January 2020: After a decade of unprecedented change in the property world, one of the frontrunners of property disruption in South Africa, PropertyFox, predicts a continued evolution in the 2020s. The digital-first property company predicts kitchens declining in importance in the home as the ‘order in’ culture continues to boom. Also predicted […]

Property News Uncategorized

Displaced minibus-taxis to relocate to Foreshore holding area

The City of Cape Town has identified a site in the Foreshore as an alternative remote holding area for minibus-taxi operators who have been displaced from the Station Deck facility. The site is situated on the harbour side between DF Malan and Christiaan Barnard Streets and borders on FW de Klerk Boulevard. Work is underway […]

Get our Newsletter