Author: PropertyWeb

  Does it matter to you at which price your property sells? For most sellers, this is not only important but often the most important factor! Andreas Wassenaar, Seeff’s Licensee and Principal at the Zimbali office, says for those sellers who want to achieve a sale at the highest market value possible now, there are […]

Strong demand for upmarket apartments in Rosebank continues to be fuelled by the ongoing commercial development in the area. This is according to Chris Renecle, MD of Renprop, which, together with its development partner, Grapnel Property Group, has completed two apartment buildings in the Rosebank precinct; The Vantage and The Tyrwhitt.  Renprop currently also has […]

Two to three years ago the property market was all about sellers, rising prices and the tale of two cities with Cape Town on a high performance trajectory with no price too high for upper end sellers. Now, says Samuel Seeff, chairman of the Seeff Property Group, it is all about buyers and the tale […]

Mike Greeff, CEO of Greeff Christies International Real Estate explains that the MPC decision (to leave the prime lending rate unchanged) is: ”…  an encouraging sign. It means that the committee does not intend to make waves in the economy ahead of the busiest retail period of the year. The steady interest rates also mean […]

Levels of building activity in the South African market for new housing showed diverging trends in the first three quarters of 2019. The planning phase of new housing, as reflected by the number of building plans approved by local government institutions, contracted across all three segments on a year-on-year basis over this period. However, the […]

In today’s housing market, both sellers and buyers are bombarded with a variety of often mixed messages on pricing their homes to sell, or an array of bargains at reduced prices. While the residential property market in South Africa remains active, with sought-after areas in high demand, and correctly-priced homes in the price band below […]

Barloworld Automotive and Logistics Head Office, the first building to be completed in the mixed-use Irene Link precinct in Centurion, has recently been awarded a 5-Star Green Star SA Design Rating v1.1. Owned by Abland in partnership with Giflo Developments and SOM, Irene Link is a 75,000sqm precinct located along the N1 highway. The development […]

Its not often that tax is associated with anything pleasant, however a section of the Income Tax Act – Section 13Sex – offers massive tax advantages for property investors, with clued up investors being able to claim millions of Rands back from SARS. Coupled with this, innovative new property developments and the current economic climate […]

In recent months, StatsSA Restaurant, Take-Aways and Catering Retail Sales appears to have served as further indication, over and above weak goods retail sales growth, that the Retail and Retail Property Sectors are headed into tougher times. Restaurant, Take Away and Catering Sales growth on broad slowing growth trend On a year-on-year basis, ‘Total Restaurant, […]

Hammerson plc has exchanged contracts on the sale of St Oswald’s Retail Park, Gloucester, to a local authority for £54 million. The sale price reflects a net initial yield of 8.5%, and is 8% below the 30 June 2019 book value. The 20,900m2 scheme, which is located to the north of Gloucester city centre offers […]

Key findings: As at June 2019, the national industrial vacancy rate as recorded was 3.4% as measured by the MSCI Annual Property Index – unchanged on the revised December 2018 figure. The industrial sector vacancy rate has now been below 4% since 2012Q1 barring a temporary development-driven blip in the first half of 2017 underlining […]

A R113 million new convenience retail centre will open at Atterbury’s Richmond Park development, the site of the biggest land restitution in the Western Cape, in April 2020. Adding to the superb convenience of this Cape Town business park, the new 6,500m2 Richmond Corner will feature much-loved names like Pick n Pay, Woolworths Food, Clicks, Vide e Café […]

  As December swiftly approaches, many homeowners prepare to rent out their primary or secondary residences via Airbnb. Airbnb has provided landlords and homeowners alike with the opportunity to make an income from connecting directly with guests looking for a comfortable location to stay in South Africa. Travys Wilkins from independent digital brokerage, CompareGuru, says […]

One of Gupta’s home in the affluent leafy suburb of Saxonwold in Johannesburg, was sold for R2.6 million on Auction. Described to be the most high profile auction event of the year, one of the properties in the affluent leafy suburb of Saxonwold in Johannesburg, belonging to the controversial Gupta family was sold for R2.6 […]

The PayProp Rental Index for the third quarter of 2019 reveals that September 2019 had the highest year-on-year rental growth for the year at 4.2%, beating inflation for the first time since April 2018 – although rental growth has remained flat for the quarter. Johette Smuts from PayProp says that the monthly growth figures reported […]

In the currently low Consumer Price Index inflation environment, Firstrand expects the Reserve Bank (SARB) to cut interest rates by 25 basis points at its upcoming Monetary Policy Committee meeting which would lower the policy Repo Rate to 6.25% and Prime Lending Rate to 9.75%. Should this cut take place, FNB believes it unlikely that […]

While the banks may be relaxing their lending criteria in order to keep their residential mortgages ticking over, a large percentage of commercial property deals are still falling through the cracks. This is largely because applicants struggle to access the correct person or department within the traditional institutions, slowing down or even ending the process, […]

  Sandton Central officially revealed its fresh new look at the launch of the first Sandton Central Tourist Kiosk today to assist visitors at one of South Africa’s top-visited tourist destinations. Sandton Central Management District (SCMD) City Improvement Manager Elaine Jack, says, “Sandton Central is constantly evolving, growing, improving and innovating for those who live, […]

While the banks may be relaxing their lending criteria in order to keep their residential mortgages ticking over, a large percentage of commercial property deals are still falling through the cracks. This is largely because applicants struggle to access the correct person or department within the traditional institutions, slowing down or even ending the process, […]

Capco has announced the exchange of contracts for the sale of its interests in Earls Court,excluding Lillie Square, to APG and Delancey (on behalf of its client fund) for £425 million. This transaction is consistent with Capco’s strategy of monetising investments at Earls Court over time with a focus on growing its central London property […]

Rebosis Property Fund, the JSE’s first listed black-managed REIT, has posted a solid set of results thanks largely to a focus on mainly driving a robust improvement on its operating performance and the quality of underlying assets from its asset management team.   Rebosis reported its results for the year ended 31 August 2019. The […]

Despite subdued South African economy and its impact on tenant base, which continues to constrain the growth of its local portfolio, Investec Property Fund Limited (IPF or the Fund) on Tuesday posted an interim dividend of 70.93 cents per share (cps) for the six months ended 30 September 2019 (2018: 68.81 cps). This represents DPS […]

According to recently released data from Lightstone, Riverside View (located in the Northern Suburbs of Johannesburg) is the suburb with the highest volume of first-time buyers in Gauteng. The Riverside View Housing and Development Programme (RDP) began in 2016 and has offered first time buyers the unique opportunity to enter the property market. These findings […]

Investec Property Fund Limited has announced an interim dividend of 70.93 cents per share (cps) for the six months ended 30 September 2019 (2018: 68.81 cps). This represents DPS growth of 3.1% year-on-year which is line with guidance provided in May. Guidance for the full year is maintained between 3% and 5%. South Africa The […]

The SA REIT (Real Estate Investment Trust) sector has published the Second Edition of its ‘Best Practice Recommendations’ to enhance the transparency and comparability of financial reporting by SA REITs. The SA REIT structure was introduced to South Africa in 2013 and the first SA REIT Best Practice Recommendations (BPR) guide was published by the […]