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Property Barometer – Housing Market Transaction Volume Trends
Transaction volume growth in the housing market started 2018 mildly improved, and mortgage lenders are expected to experience positive growth in volumes in the bonded segment of the market in 2018 as a whole after a slight decline in 2017. But growth in the near term may get slightly worse before...
Local Smart Cities aim to drive sustainability
More and more property developers are moving towards incorporating nature into building design. Green spaces have proven popular, even in major cities where they are seemingly rare. Rooftop gardens are popping up in central business districts such as Hong Kong, Tokyo, Rotterdam and New York. Urban...
Subdued household credit and mortgage balances growth in Q1 2018
The value of outstanding credit balances in the South African household sector (R1 564,1 billion at the end of March) showed growth of 3,9% year-on-year (y/y) up to the end of the first quarter of 2018. Year-on-year growth in secured credit balances was marginally lower at end-March, whereas growth...
Property value effects rates and taxes, says RE/MAX
Each month home owners receive a bill for the rates and taxes applicable to their property, but what are these municipal rates used for and how is the amount worked out? Regional Director and CEO of RE/MAX of Southern Africa, Adrian Goslett, says that municipal property rates are financial...
JHB’s subdued rental market sees significant shifting
Numerous economic and geographic dynamics have created a year-on-year downturn in Johannesburg’s property rental market in 2016, taking its toll on the province’s economy and precipitating notable market shifts. The major causes of the slump in earnings derived from investment properties have been...
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Calgro M3 weathers challenges, commits to delivering shareholder value
Calgro M3 has released its interim results for the six months ended 31st of August 2018, declaring a revenue of R628.6 million. The period under review was one of the most difficult ever experienced by the group, says Wikus Lategan, Group CEO. The company faced several major challenges, including...
Octodec positions itself for sustainable value creation
Octodec Investments Limited have announced its full year results which were impacted by pressure on rental income growth, the lag effect of the let-up period at recent developments and competitive pressures. A distribution of 203.4 cents per share was declared for the period. “The operating...
Cape Town Stadium naming rights process kicks-off
The City of Cape Town has appointed a joint venture company to kick-start the process of securing a naming sponsor for the Cape Town Stadium. This follows after a thorough tender process. The stadium was placed under the management of a municipal entity which was established on the 1st of November...
Redefine wins Gold at SACSC’s Footprint Marketing Awards
Redefine Properties won multiple awards at this year’s Footprint Marketing Awards in Durban. Hosted by the South African Council of Shopping Centres, the awards aim to recognize exceptional shopping centre marketing, innovation, creative achievements, with economic success and excellent...
Spear REIT Limited performs in line with interim period forecast
Spear REIT Limited has reported an interim distribution for the first half of the 2019 financial year of 41.73 cents per share (2018: 36.95 cents). CEO of Spear REIT Limited, Quintin Rossi comments: “Spear has performed in line with management’s forecasts for the interim period amidst tough trading...
Mall of Africa scoops three Footprint Marketing Awards
Attacq’s Mall of Africa has received three awards at this year’s South African Council of Shopping Centres Footprint Marketing Awards. The annual awards (which took place on the 18th of October) seeks to recognize exceptional shopping centre marketing, innovation and creative...