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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Architecture moving forward – the need for reinvention post-Covid-19
With the local property sector severely impacted by the pandemic, Derick Henstra, Partner and Executive Chairman of dhk believes that the architectural industry was one of the first to “bear the brunt” of Covid-19. As the barometer in the industry, small architectural firms have ground to a halt...
ContinuitySA confirms Waterfall’s Corporate Campus as new premises
ContinuitySA has chosen Waterfall’s Corporate Campus for its newest premises. A leading provider of business continuity management services in Africa, the firm is expanding to accommodate greater demand for disaster recovery and work area recovery facilities. In the current environment, companies...
Fairvest announces disposal of Cape Town retail centre
Fairvest Property Holdings Limited has announced the finalisation of the due diligence for the disposal of Tokai Junction. The 7 618m2 retail centre in Constantia in the Western Cape will be disposed to FPG Holdings Proprietary Limited for R180 million. Fairvest’s Chief Executive Officer...
Subletting – a possible remedy for vacant office space
The economic climate is giving way to innovative ways of managing office space. While flexible lease agreements and the restructuring of rentals are apparent, little thought has been given to the option of subletting. Galetti Corporate Real Estate Associate Director, Justin Thom says various...
The risks and rewards of buying-off-plan
Buying-off-plan has made owning a brand-new home more affordable and accessible. The repo rate is sitting at an unprecedented low and buyers and investors are caught between buying-off-plan versus buying an existing property. Grant Smee, Managing Director of Only Realty says that while buying-off...
Brokers perceive rising levels of financial pressure-related selling
FNB Commercial Property has released its second quarter results for their FNB Commercial Property Broker Survey which involves a sample of commercial property brokers in the six major metros of South Africa i.e. the City of Joburg and Ekurhuleni (Greater Johannesburg), Tshwane, Ethekwini, City of...