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 Rental

Rentals Lockdown To Do – Post #1 | Setting Up Your Communication Channels for Landlords and Tenants – as well as future Landlord Clients

We’re in VERY uncertain times and uncharted territory, with more questions than answers & high stress levels – this is to be expected. One thing we need to remember in times like this is that, “This time too shall pass” and the only approach that will see us all coming out the other side sane […]

Property News

Moody’s downgrades South Africa’s credit rating to junk

Moody’s Investors Service has downgraded South Africa’s credit rating below investment grade. Moody’s Investors Service has downgraded South Africa’s credit rating to subinvestment grade, as a recession deepened by the impact of coronavirus frustrates economic reform efforts aimed at reducing government debt. The downgrade comes on the same day that South Africa entered a 21-day […]

Property News

Community living in the time of Covid-19

Following the declaration of a national state of disaster by President Cyril Ramaphosa to curb the spread of Covid-19 in South Africa, the trustees and directors of community schemes like townhouse complexes, retirement villages and residential estates must ensure that the measures implemented by the President are complied with, says specialist community schemes attorney Marina Constas. Failure […]

Property Rental

Residential Rentals RoundUp #3 | How to Deal with Rent & Levies, Lockdown Do’s & Don’ts, Lockdown for Landlords Q&A, Community Scheme Measures During Lockdown & Emergency Repairs & Other Relevant Info

Never in my wildest dreams did I ever imagine I’d be putting together a daily blog post, but it just goes to show – we never know what’s going to happen. Anyway, here’s a summary of rentals/COVID-19 related information that I believe is useful, informative and will hopefully assist you and save you from having […]

Property Rental

Residential Rentals RoundUp #2 | Residential Property Rentals, COVID-19 & the 21-day ‘Lockdown’

Today has been an extraordinary day – one unlike I think any of us have experienced before – not only the uncertainty about the 21 day lockdown, but, unfortunately, some (opportunistic?) people also spreading fake or untrue information. So, to help you sift through it all I’ve decided to put together a summary for you […]

Property News

Commentary: South Africa’s lock down and the possible effects on real estate

Regional Director and CEO of RE/MAX of Southern Africa, Adrian Goslett: “I commend the president for taking such a proactive measures against this pandemic. After speaking to Dario Castiglia, Regional Owner for RE/MAX Italy, I was convinced and firmly believe that a full lockdown is the answer to flattening the contamination curve and making sure […]

Property Rental

Residential Rentals RoundUp #1 | Free Rentals Webinars, Payment Allocation by a Landlord & Rentals & COVID-19

To help you stay up to date with Residential Rentals News & information I have decided to put together a weekly summary of informative articles and information from the web pertaining to residential property rentals. To read the specific articles, or access the original post / information, simply click on the hyper-linked title. This week’s […]

Property News

Domino’s Pizza comes to a grinding halt

The introduction of Domino’s Pizza to the South African market in October 2014 broke several sales records in the first full week of trade. Taste Holdings [JSE:TAS], former owner of Starbucks, announced that it will voluntarily liquidate Domino’s Pizza, following its failure to find a buyer for the pizza chain. The news comes after Walmart-owned […]

Property News

DoubleTree by Hilton Cape Town unveils self-isolation rooms

Located in the Upper Eastside precinct in Woodstock, Cape Town, DoubleTree by Hilton is equipped with hygiene hampers and isolation facilities for self-quarantined citizens. In a bid to curb the spread of Coronavirus (Covid-19), JSE-listed Spear Reit, the owner of the DoubleTree by Hilton Cape Town, has unveiled sanitized sanctuaries and self-quarantine accommodation. This comes […]

Property News

SA Reserve Bank cuts interest rates to 5.25%

Amid Coronavirus (Covid-19) crisis, SA Reserve Bank Governor Lesetja Kganyago today announced the decision to cut the interest rate to 5.25%. Amid disruptions due to the Coronavirus (Covid-19) crisis, the South African Reserve Bank (SARB) has cut interest rates by 100 basis points, from 6.25% to 5.25%, Governor Lesetja Kganyago announced on Thursday. The Monetary […]

Property News

Flow 2.0 to provide a rental platform for the property rental marketplace

South African proptech startup Flow has released the second iteration of their world-first app. Flow 2.0 will provide a full-stack rental platform for the property rental marketplace, matching great tenants with top-rated landlords. The new version of the service lays the rails for the future of the platform, adding more data science layers and providing […]

Property News

Spear REIT launches one of South Africa’s first self-isolation unit offerings

JSE listed Spear REIT Limited, the owner of the Double Tree by Hilton Cape Town, is the first in South Africa to launch an innovative self-quarantine accommodation solution. Francois Steyn, Hospitality Asset Manager at Spear REIT highlights that: “Guests will be received and made to feel at home. There is enough trauma associated with being […]

Property News

Ex-RMB CCO to join forces with Heartwood Properties

Peter Gent, ex-RMB Chief Operating Officer, has been appointed as an independent, non-executive director to the board of directors of commercial property development company, Heartwood Properties, who are listed on the 4AX (4 Africa Exchange). He will also serve as a member of the audit and risk committee, and investment committee. Gent is currently an independent management consultant whose […]

Property News

Growthpoint Properties attributes solid results to internationalisation

Norbert Sasse, Group CEO of Growthpoint Properties, attributed the company’s increase in distributable income and asset value to its growth strategies, specifically internationalisation. Growthpoint now has 35.2% of its assets offshore, contributing 24.3% to its earnings before interest and tax (EBIT). Growthpoint Properties last week reported distributable income growth of 2.2% to R3.2bn, an increase […]