By Rael Levitt, CEO of Inospace Industrial real estate – especially that chunk of it devoted to logistics – has been, and will continue to be, the hottest segment of the commercial property market. The dynamics driving the surge, including e-commerce and supply chain constraints that...
As of the 1st of February 2022, the new Property Practitioners Act (PPA) will come into effect. According to Tony Clarke, Chairman of the Real Estate Business Owners of South Africa (REBOSA), this is a welcome step in the right direction for an industry previously plagued by unclear and often...
Vantage Capital, Africa’s largest mezzanine fund manager, has arranged R430 million of mezzanine funding for the development of Seaton Estates, a residential coastal development on the North Coast of KwaZulu-Natal. The promoter of the transaction is Collins Residential, the residential arm of a...
The StatsSA November 2021 release of residential building plans passed show a year-on-year decline in the number of unit plans passed to the tune of -13.6%. According to FNB, for the three months to November 2021, the year-on-year growth rate was still a positive +12.3%, but this too reflects a...
Competition among South Africa’s major banks, for a bigger share of the home loan market, remained fierce during Q4 2021, according to stats released by ooba. The banks continued to compete through strong interest rate discounts, while simultaneously approving more bonds with lower deposit...
Mortgage approvals during the first nine months of 2021 were approximately 34% higher compared to the same period in 2019, according to Deeds Office data and FNB’s latest Residential Property Barometer, with the value of outstanding mortgage advances 7.3% higher when compared to the same period in...
The market for farms in South Africa has attracted significant interest over the last few years with an increase in available properties, largely due to Government’s redistribution-of-land policies and the increase in cost of farming. However, availability of stock has been countered by an upswing...
A four-bedroom heritage home on a 1 690m2 stand in Newlands, Cape Town, is one of 3 houses and 15 vacant erfs going under the hammer in the City of Cape Town’s first virtual and live property auction for 2022. High Street Auctions will be selling the properties at two live sale venues in Cape Town...
