Everything in life has a season and the commercial real estate market is no exception. While SA’s economy was stuck in a seemingly endless winter of corruption with poor service delivery, cost of living increases, load shedding, and a junk status credit rating, as spring arrives, there are new...
Data from ooba Home Loans shows encouraging signs of recovery in Gauteng’s residential property market, particularly in Tshwane, which has registered notable improvements in the average purchase price, first-time homebuyer demand, and the investment property category. Gavin Lomberg, CEO of ooba...
Vukile Property Fund has confirmed that it intends to accept an improved cash offer for its 28.8% stake in Lar España Real Estate, held through its 99.5% Spanish subsidiary, Castellana Properties. The consortium involving Hines European Real Estate Partners III and Grupo Lar Inversiones...
Value retailer, The Crazy Store, has recently opened its 500th store in Bayside Mall, Cape Town. Since launching in 1997, the brand has grown into one of the largest discount variety retailers with a store on almost every corner in South Africa, Namibia, Botswana, and Swaziland. Managing Director...
27% of South African homeowners who sell to purchase a new home choose to do so in a different province – a notable increase on 2019’s 16%. “In 2023, 50 000 homeowners participated in the sell-to-buy market. Gauteng and the Western Cape dominated this segment, accounting for 48% and 23% of...
Selling in search of better utilities and municipalities is no longer perceived as the key motive among commercial property owners with financial pressure-related selling emerging once again as the biggest driver during Q3 2024. An additional potential indicator of easing or tightening financial...
By Nqobi Malinga, Portfolio Manager for uMaStandi at TUHF21. For many people, property entrepreneurship may seem like a daunting venture, and one that’s almost out of reach. This is due to the preconception that it requires tens of millions of rands to develop a viable investment property. This is...
Construction of Club Med’s first resort in South Africa has begun on the north coast of KwaZulu-Natal. Scheduled to open in July 2026, construction has reached the first floor of the main hotel at Club Med South Africa Beach which will comprise 345 rooms. The resort centre, which will boast a main...
