PropertyWeb brings you the latest news in the real estate sector from around Southern Africa. It is managed by Network 9, a division of The High Option Ltd.
Property News

Residential apartments in Rosebank remain hot property

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 […]

Property News

Barloworld’s head office receives 5-Star Green Star SA Design Rating v1.1

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 […]

Property News

SAPOA’s Industrial Vacancy Report

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 […]

Property News

Atterbury’s Richmond Park to welcome new convenience centre

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 […]

Property News

Airbnb-ing your property? 5 Important tips

  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 […]

Property News

Third quarter sees rental growth peaking

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 […]

Property News

South Africa’s commercial property finance not meeting expectations

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, […]

Property News

Feel the energy as Sandton Central launches a fresh new logo and trailblazing tourism services

  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, […]

Property News

Commercial property finance still falling through the cracks in South Africa

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, […]

Property News

Investec Property Fund sees distribution growth driven largely by performance of the offshore portfolio

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 […]

Property News

Lightstone’s in depth overview of Gauteng’s property market

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 […]