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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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Technology advancements lead to the evolution of the office space
The offices spaces of today are nothing like the work environments of the past. The quantum leap forward in information technology, office equipment, and management practice has changed the way we work forever. Light, lean laptops that can be moved at a moment’s notice, virtual meeting rooms where...
Household credit and mortgage advances – ABSA report
Growth in the value of outstanding credit balances in the South African household sector (R1 669,6 billion) was only slightly higher at 6,1% year-on-year (y/y) at the end of May 2019 from 6% y/y at end-April when outstanding balances came to R1 660,9 billion. Growth in the value of outstanding...
JSE specialist shopping centre REIT Reduces Exposure To Africa
JSE specialist shopping centre REIT, Hyprop, has announced progress on its strategy communicated to the market in March this year, where it stated its intention to reduce its exposure to sub-Saharan Africa excluding South Africa to focus its attention and capital on its South African and Eastern...
R120 million expansion planned for Limpopo mall
Pretoria-based shopping centre developers and investors, Twin City, will be adding approximately 40 new stores to the existing 73 stores at Elim Mall in a multi-million Rand extension. Elim is a northern Limpopo town south-east of Makhado (formerly Louis Trichardt). The project is being undertaken...
WeWork expands in SA with its first location in Cape Town
WeWork, the global space, community and services company with over 466,000 members has announced its expansion to Cape Town – the second city for WeWork to open in South Africa; where it plans to welcome over 590 members. In Cape Town, WeWork will be take four floors of the eleven floors at 80...
Winners announced in the 2019 SAPOA Journalism Awards for Excellence
Winners and runners up in the 2019 installment of the SAPOA Journalism Awards for Excellence were announced at the gala dinner and awards evening which took place on 20 June 2018 at the Cape Town International Convention Centre. During his address, Chairman of the Journalism Awards Committee, Brian...