Property News

Pam Golding Properties Pretoria seizes opportunity in the commercial property sector

Dominant in the residential property market in Tshwane Municipality, Pam Golding Properties Pretoria has extended its range of services by establishing a dedicated commercial and hospitality division in the region. Says Dr Andrew Golding, chief executive of the Pam Golding Property group: “This has resulted from a growing demand from our existing clients and the […]

Property News

Grenada strikes a chord with South Africans investing offshore and seeking citizenship

Grenada strikes a chord with South Africans investing offshore and seeking citizenship Citizenship by investment in under nine months and visa-free travel to 143 countries, including the EU Schengen area, UK, China, Singapore and Hong Kong, is seeing Grenada in the Caribbean receiving increasing attention from South Africans, including those seeking an ideal holiday home […]

Property News

Atterbury breaks ground for multi-billion Rand mixed use precinct

Atterbury has commenced construction of the first phase of the prime new multi-billion Rand Castle Gate mixed-use precinct in Pretoria. A large-scale modern, multifaceted development, Castle Gate will ultimately comprise 100,000sqm of office space, 40,000sqm of specialist medical facilities, and a hotel as well as 1,100 residential units, and a 23,000sqm convenience retail centre. The […]

Property News

Atterbury breaks ground for multi-billion Rand mixed use precinct

Atterbury has commenced construction of the first phase of the prime new multi-billion Rand Castle Gate mixed-use precinct in Pretoria. A large-scale modern, multifaceted development, Castle Gate will ultimately comprise 100,000sqm of office space, 40,000sqm of specialist medical facilities, and a hotel as well as 1,100 residential units, and a 23,000sqm convenience retail centre. The […]

Property News

Latest Broll Sub-Saharan Market report to further assist property investors

The Sub-Saharan Africa market may seem daunting and complex for the first – time investor or developer. Added to this is the era of prolific fake news, misperceptions and conflicting reports. So how does an investor or developer interested in pursuing investments in this market, make an informed and strategically sound decision? Broll Property Intel’s […]

Property News

Latest Broll Sub-Saharan Market report to further assist property investors

The Sub-Saharan Africa market may seem daunting and complex for the first – time investor or developer. Added to this is the era of prolific fake news, misperceptions and conflicting reports. So how does an investor or developer interested in pursuing investments in this market, make an informed and strategically sound decision? Broll Property Intel’s […]

Property News

Kempton Park – Gauteng’s hospitality hot spot

Efforts to re-industrialise the Ekurhuleni metro were recently announced by the MMC for Finance and Economic Development, Cllr Doctor Xhakaza, with an allocation of R847m to strategic key projects in the area. The areas set aside by the department include the Airport Precinct, Kempton Park, OR Tambo, Springs Inland Port, Ekurhuleni Business Centre and mixed-use/strategic […]

Property News

Hotel Verde Cape Town achieves 6-Star Green Star SA Existing Building Performance rating

The Green Building Council of South Africa (GBCSA) has awarded a 6-Star “Green Star SA Existing Building Performance (EBP)” rating for Hotel Verde Cape Town, Africa’s greenest hotel.   This puts the hotel at ‘World Leadership’ status according the to the GBCSA’s certification tools. Working closely with their membership community to champion a collective cause, the GBCSA strives to accelerate […]

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Older property buyers differ vastly in buying patterns

In a recent review of property buyers’ demographics, Lightstone has revealed that nationally buyers aged 65 and over differ vastly in buying patterns.  The three major provinces, Western Cape, Gauteng and Kwazulu Natal are seeing different trends for these buyers. In a comparison of the three provinces, a clear trend emerges where the Western Cape […]

Property News

Finance, Real Estate and Business Services sector stats reveal slow demand for office space

The most recent second quarter StatsSA Employment Data is not good news for the battling Office Property Sector. FNB places emphasis on the employment trends in the major finance, real estate and business services sector to drive the demand by companies for office space. And in the second quarter, this sector’s total employment saw its […]

Property News

Property market outlook promising despite static interest rates

Last week’s decision from the South African Reserve Bank to leave interest rates unchanged was met with disappointment from several sectors. However, Tony Clarke, Managing Director of the Rawson Property Group, says the property market outlook remains positive leading up to the summer season, despite the lack of direct financial relief for bondholders.  “While high […]

Property News

Financial pressure seen as a driver of owner-serviced commercial property sales

In this note, FNB continues with the third quarter 2019 results of the FNB Commercial Property Broker Survey, which surveys a sample of commercial property brokers in and around the six major metros of South Africa, namely, City of Joburg and Ekurhuleni (Greater Johannesburg), Tshwane, Ethekwini, City of Cape Town and Nelson Mandela Bay. Focusing […]

Property News

Stenprop acquires eight fully-let industrial units in the UK

Stenprop has acquired eight fully-let industrial units at two estates in Somerset and Cambridgeshire for an aggregate price of £4.9 million. The acquisitions comprise units 6-9 at Dunball Industrial Estate in Bridgwater, Somerset, and units 1-4 Block B at St Peter’s Industrial Park in Huntingdon, Cambridgeshire. The four units at Dunball Industrial Estate were acquired […]

Property News

Second quarter New Mortgage Lending shows small positive growth rate

Second quarter ‘2019 SARB New Mortgage Lending’ data, released in the September SARB Quarterly Bulletin, showed continued “mediocrity”, but with the value of new mortgage loans granted showing a small positive growth rate of 5.66%. This is a mild improvement from the prior quarter’s -7.8% decline. To give perspective as to why we say “small […]

Property News

Second quarter New Mortgage Lending shows small positive growth rate

Second quarter ‘2019 SARB New Mortgage Lending’ data, released in the September SARB Quarterly Bulletin, showed continued “mediocrity”, but with the value of new mortgage loans granted showing a small positive growth rate of 5.66%. This is a mild improvement from the prior quarter’s -7.8% decline. To give perspective as to why we say “small […]