The City of Cape Town has identified a site in the Foreshore as an alternative remote holding area for minibus-taxi operators who have been displaced from the Station Deck facility. The site is situated on the harbour side...
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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...
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Nigeria’s real estate investment appeal growing
As South Africa’s medium-term economic growth prospects become increasingly uncertain, many local and international property investors are finding it necessary to shift their focus elsewhere while they wait for stability and a clear growth path to be restored for the country. Possibly as a...
Property industry weighs in on SONA 2020
Regional Director and CEO of RE/MAX of Southern Africa, Adrian Goslett: “The disruptions that suspended proceedings at SONA does not bode well for investor confidence in our nation. Despite this, President Cyril Ramaposha has made some encouraging promises and inspiring statements in his state of...
Grit on track to meet minimum full year dividend per share target
London Stock Exchange listed Grit has announced robust interim results for the financial year ending 31 December 2019. Grit actively invests and manages a diversified portfolio of assets in carefully selected countries (except for South Africa). These high-quality assets are supported by long-term...
Land expropriation announcements causes property industry concern
As South Africa continues to reel under the most devastating economic privation the country has experienced in its 26 years of democratic rule, property and legal experts are confounded by the ANC’s pronouncements on land expropriation that will undoubtedly cause further erosion of investor...
Master Builders presses for vital upskilling in the construction industry
According to the recently released Quarterly Labour Force Survey by Statistics SA, 40.1% of people between the ages of 15-34 were not in employment, education or training in the fourth quarter of 2019, highlighting the fact that skills development is more important than ever. Amid positive job...
R800m Midway Crossing Shopping Centre development underway
With the development of the Midway Crossing Shopping Centre underway, eThekwini Mayor Councillor Mxolisi Kuanda (and several city officials) recently visited the ‘Operation Siyahola’ site to assess the progress of the R800 million project. “Companies have received work and are on site and part of...