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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The ergonomics of things: offices future-fit for hybrid work
When Covid-19 hit, the world as we knew it was swept away, forcing thousands of businesses to close permanently or to opt for their employees to work from home. This birthed the hybrid work model which, according to research by PwC, has provided a short-term productivity boost in most...
Nedbank CIB facilitates R500m sustainability-linked loan for Old Mutual Property
Nedbank Corporate and Investment Bank (CIB) has successfully coordinated, arranged, and structured a R500 million sustainability-linked credit facility for Old Mutual Property, the first of its kind created for the company. The five-year term loan has embedded features which will encourage...
Green certified offices continue to outperform non-certified
Investment performance for certified green prime and A-grade offices improved in 2021, outperforming non-certified assets of a similar quality by 170bps during the year. This is according to the latest MSCI South Africa Green Annual Property Index which is released annually in conjunction with the...
Afrimat reports a return to pre-pandemic volumes in construction materials
Afrimat has released its financial results for the full year ended February 2022, reporting an increase in revenue of 26.7% to R4.7 billion (2021: R3.7 billion). Group CEO, Andries van Heerden, said that the company has delivered robust results on the back of favourable iron ore prices, the...
Micro-development a highlight at upcoming property conference
For the first time since the Western Cape Property Development Forum (WCPDF) launched in 2008, it will be featuring micro-development on its annual conference programme, in recognition of the way in which this sector is making significant strides in addressing the affordable housing market. “As...
Emira agrees to sell Enyuka shareholding to venture partner for R637m
Emira Property Fund, subject to financing conditions precedent for this sort of transaction, has agreed to sell its entire 49.9% stake in Enyuka Property Holdings, its rural and lower LSM retail property joint venture with One Property Holdings, to its venture partner for R637 million, representing...
