#AVC2024 Presentations & Photos Available It was 3 days of knowledge sharing and networking at the Africa Valuation Conference 2024 held from 16th to 18th April in Johannesburg, South Africa. In it’s second edition, the annual event also known as the most comprehensive mega-gathering of property professionals on the African continent featured 2 separate sessions, […]
Category: Finance
The South African township where property values have doubled over the last 10 years
Soweto has one of the fastest appreciation rates in Johannesburg, with homes in the area doubling in price over the past ten years. This is according to Seeff Property Group, which highlighted the growth in demand for property in Soweto and why this is the case. Licensees for Seeff Soweto Khosi Sibiya and Phindi Mphahlele […]
Mashaba Unveils ActionSA’s Plan Reclaim Hijacked and Abandoned Buildings
ActionSA today unveiled our plan to ignite South Africa’s economic growth and address the country’s housing crisis by reclaiming hijacked and abandoned buildings and factories across the country. The plan builds on the work I did as the City of Johannesburg Mayor where, during my tenure as Mayor, the Council approved the release of 154 […]
SA commercial property sector still under pressure in 2024, CEOs say
Due to high finance costs unless the central bank starts to aggressively cut interest rates, executives of the country’s top two property groups said. Earnings growth in South Africa’s commercial real estate industry will still be under pressure in 2024 due to high finance costs unless the central bank starts to aggressively cut interest rates, executives of the country’s top two property groups said on Thursday. Commercial real estate […]
Constitutional concerns over controversial expropriation bills in South Africa
Government departments and parliamentary committees might duly invite members of the public to lodge written comments and representations on legislative Bills proposed by the government, but comments and representations received from the public risk being brushed aside. The national Constitution stipulates that government administration should conform to the democratic fundamental that the public must be encouraged to […]
Excessive rate hikes by big metros unsustainable – Sapoa
Commercial property body says it has reached out to key SA cities to begin a consultation process. The “continuous and excessive hiking of rates and taxes” in key metropolitan municipalities in the decade to 2021 is “unsustainable for the country’s property industry”. This is according to findings mapped out in a study commissioned by the […]
Canal Walk owner Hyprop reports jump in earnings amid Eastern Europe boost
Hyprop Investments, whose interests include Canal Walk, Hyde Park Corner and Rosebank Mall has reported a climb in distributable income of almost a quarter in its year to end-June, with activity picking up in its SA centres, but growing by double digits in Eastern Europe. Distributable income rose 24% to R1.45 billion to end-June, though […]
Growthpoint: new student financial aid cap a risk to its student res division
New student financial aid cap a risk to its student res division New rate – which falls short of market rate by about R20 000 – is unsustainable, says Reit. The decision by the National Student Financial Aid Scheme (Nsfas) to cap residential allowances for university students has short-changed Growthpoint’s student accommodation division, forcing it […]
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 […]
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 […]