A recent report shows that Cape Town CBD’s post-Covid economy is on the rebound, with property investment in the inner city in 2022 exceeding R3.555 billion while the retail, hospitality and eventing sectors are all experiencing major growth. This is according to the latest edition of the State of Cape Town Central City Report 2022 […]
Author: VRadmin
Growthpoint to undertake R1.2bn investment in student housing
There is a shortage of 500,000 beds in SA Growthpoint, SA’s largest property company, will invest about R1.2bn in student housing by 2026, as it counts on rising demand from the sector to partly offset a slump in other areas. SA’s student housing sector has a shortfall of up to 500,000 beds in the formal […]
New R200 million shopping mall opening soon in South Africa
Construction on the new R200 million Tshakhuma Mall (originally Tshakhuma Corner) in Limpopo is nearing completion, with the centre expected to open in October 2023. The 11,500-square-metre mall was announced in late 2022 as part of the McCormick Property Developer portfolio. The MPD group has been behind a host of “rural retail” developments of the […]
Cape Town Central City’s Commercial Property Sector Thrives Amidst Challenges – CCID REPORT
In the face of ongoing challenges, the commercial property sector in Cape Town’s Central City has managed to maintain its strength and vitality throughout 2022. The “State of Cape Town Central City Report” released by the Cape Town Central City Improvement District Organization sheds light on the remarkable developments that have shaped the urban landscape […]
Comparative market analysis in real estate | How to sell when interest rates are high
Selling a property in a competitive market can be a daunting task and, in order to realise the best possible price in the shortest possible time, it’s imperative that the seller understands the property’s true market value, and this is where Comparative Market Analysis (CMA) can be a powerful tool. So says Yael Geffen, CEO […]
More inflation relief for South Africa
South Africa recorded another year-on-year decline for headline inflation July, providing some relief for consumers. According to Stats SA, annual consumer price inflation (CPI) dropped from 5.4% in June to 4.7% in July. This is the lowest reading since the 4.6% in July 2021. Inflation is now close to the midpoint South African Reserve Bank’s inflation […]
Rebosis’ business rescue practitioners announce agreements to sell R7.2bn worth of assets
Almost exactly a year after struggling Rebosis Property Fund entered business rescue, the process’ practitioners have announced two deals to sell chunks of the group’s assets. It’s curious as to why the buyers have faith in the embattled fund’s properties especially its state-tenanted offices which need revamps and longer-term leases. Should the deals be completed, […]
Private schools thriving in South Africa as profits soar
ADvTech Group, the owner of private education brands like Crawford Schools, Pinnacle Colleges, Varsity College and many more, has seen a strong boost to profit in the first six months of the year. In an interim trading update for the first half of 2023 (H1 2023), the group said that its South African brands, especially […]
Registered property valuers are crucial, particularly amidst unsustainable municipal rates increases
Commercial and industrial property owners across the country are bearing the brunt of unsustainable rates increases, which in turn, is negatively impacting South Africa’s economic growth, says Mark Govender who is based in Cape Town, and a member of Swindon Property’s national team of certified valuers. Govender says: “Increases in municipal property valuations and rates have resulted in substantial tariffs being levied […]
Municipal finances – Cape Town rocks while Tshwane is in deep trouble
An analysis by Daily Investor revealed that the Cape Town municipality has the healthiest financial situation, and Tshwane is the worst. The analysis looked at the financial health of the Tshwane, Johannesburg, Cape Town, and Durban (eThekwini) municipalities. Johannesburg generates the most revenue at R62.6 billion annually, and Tshwane generates the least at R40 billion. […]