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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REBOSA vs EAAB: forensic audit ordered against the regulatory board
The Real Estate Business Owners of South Africa (REBOSA) has officially engaged in legal action against the Estate Agency Affairs Board (EAAB) after it has exhausted all options to rectify ongoing service delivery issues. The parties appeared in court for the first time on Friday, the 5th of March...
The weakened state of the labour market a concern in the residential sector
FNB’s Residential Property Barometer for February 2021 shows better-than expected house price growth further demonstrating the separation between economic fundamentals and housing marketing outcomes. Interest rate-induced demand remains strong, but the momentum is slowing with incidents of...
Convenience shopping and essentials highlight Fairvest’s resilience
Fairvest Property Holdings Limited has announced its results for the six months to December 2020, portraying strong improvements in property fundamentals and a pleasing 7.2% increase in distribution against the most recent six months to the 30th of June 2020 during the height of Covid-19. When...
Murray & Roberts’ JSE classification to change in support of strategic positioning
Murray & Roberts has announced its interim results for the six months ended on the 31st of December 2020, with its results for the six months under review negatively affected by prolonged Covid-19 lockdown restrictions. However, the company reported significant growth in a record, quality order...
Master Builders’ Occupational Health & Safety competition returns in 2021
Ensuring companies comply with Occupational Health and Safety (OHS) requirements is crucial to reducing the chances of injuries and saving lives in the on-site construction industry. Since the onset of Covid-19, OHS regulations have evolved to include necessary measures to mitigate against the...
Housing prices did not crash during 2020 says Lightstone
Housing prices did not crash during 2020 according to Lightstone’s Residential Property Index for January 2021. National house price inflation was 3.05% at the end of December 2020 and the low, high and luxury value bands ended the year at approximately 2.5% while the mid value segment ended the...