Author - PropertyWheel_GLP

News

SENS: intu – statement with regards to Hammerson

intu notes the announcement issued by the Board of Hammerson this morning withdrawing its recommendation that its shareholders vote in favour of its all-share offer for intu. As recently as 19 March 2018, in its first response to the approach by Klépierre S.A., Hammerson reaffirmed its intention to...

Research

Property Barometer – Estate Agent Survey – Secondary Home Buying

Secondary home buying levels could rise slightly in 2018, but are expected to remain in “moderate territory”. Despite FNB’s perception of an improving economy, and our forecast of economic growth being slightly stronger at 1.8% this year (compared to 1.3% last year), such growth projections...

Research

Property Barometer – Residential Property Affordability Review

Housing affordability improvements continued slowly in the final quarter of 2017, thanks to a weak national housing market. Both of the two key FNB Housing Affordability measures, i.e. the Average House Price/Per Capita Income Ratio Index as well as the Bond Installment Value on the Average-Priced ...

Research

The ‘Foreign Effect’ on the domestic housing market

The first quarter 2018 FNB Estate Agent Survey continued to point to foreigner and South African expat buying of domestic residential remaining noticeably down on highs of 2014 to 2016. Recent estimates of domestic residential property buying by foreigners  In the survey, FNB asks the sample of...

News

Fairvest raises R250m in new equity

Fairvest Property Holdings Limited has raised some R250 million in new equity at R2.20 per share. The group focuses on rural and community shopping centres which service lower income markets.  According to Chief Executive Officer, Darren Wilder, the transaction was heavily oversubscribed and that...

Events

RICS Summit Africa 2018 to highlight smart urbanism and sustainability

With Africa facing one of the fastest urbanisation rates in the world and challenges around climate change, the continent needs to be smart about city planning and sustainability cautions TC Chetty, the South Africa country manager of the Royal Institution of Chartered Surveyors (RICS) ahead of the...

Advice and Opinion

Shopping centres: to refurbish or not to refurbish?

When would shopping centres need to consider refurbishments? Shopping centres should think about keeping up with the current shopping trends, retail formats which erode traffic or simply; a strategic need to expand or to improve certain aspects of the shopping centre, for the consumer’s convenience...

Research

Property Barometer – emigration-related home selling

The first Quarter 2018 FNB Estate Agent Survey pointed to a virtually unchanged estimated rate of emigration-related home selling, following a prior a multi-year rising trend which started back in 2014. This leaves the rate of emigration selling somewhat “elevated”. In the survey, FNB asks agents...

News

Dipula announces capital raise of 32% oversubscribed

Dipula Income Fund has announced the results of its book build in which it successfully raised approximately R790 million. CEO Izak Petersen commented: “We were very pleased with the capital raise as we had aimed to raise R600 million and were approximately 32% oversubscribed.”  The capital is...

Research

Property Barometer – First Time and Couples Buying

Nationally, first time home buying weakens, but regional differences remain large.  According to the FNB Estate Agent Survey for the first quarter of 2018, first time buyers don’t yet appear to be sharing in the improved sentiment apparent in the country early in 2018. The estimated average first...