South Africa Property Market

SA’s $8 billion Megacity development dead in the water

South Africans were caught up on an ambitious smart-city development less than 20km away from Sandton, dubbed the ‘New York of Africa’, which didn’t progress beyond computer-generated artist impressions. ... Full story

South Africa's land reform advisory panel makes progress

With a deadline of 15 March 2019 on the horizon, a ten-member expert advisory panel held its second colloquium on land reform to present, debate and suggest ideas on how to deliver an effective, productive and just reform policy. ... Full story

Budget 2019: No quick fix for South Africa, but there’s some hope

In what was arguably one of the most closely watched National Budget speeches in recent years, Finance Minister Tito Mboweni outlined Government’s plan to boost growth, increase tax collection and reduce debt, with strong attention paid to Eskom and SOEs. ... Full story

Bank lending remains positive despite 2018’s sluggish property market

2018 was a challenging year for the South African property market, with negative real price growth in the residential property market and slowing market activity. ... Full story

Property players worried as Malema renews call for Land Expropriation

South African property players are taking a cautious approach as Economic Freedom Fighters (EFF) leader Julius Malema renews his call for land expropriation without compensation. ... Full story

Gauteng remains South Africa’s largest housing market

Gauteng remains South Africa’s largest housing market, with just over a third of the nation’s total housing stock. ... Full story

How to ensure buyers notice your property right away

South Africa — The latest FNB and ABSA property data shows that properties are staying on the market for longer and an increasing number of sellers having to cut their asking price. ... Full story

Tips for Purchasing Real Estate in 2019 — South Africa

This year holds the potential to be an interesting one for South Africa. Shortly recovered from a recession and with lower fuel prices, SA seem to be starting the year better off than on what we ended it. ... Full story

A sigh of relief as SA retailer Edcon approved recapitalization plan

Owners of South African malls can now breathe a sigh of relief as the Edcon board recently approved the structure of a proposed recapitalization plan and in response, lenders have extended waivers to allow time for the company to turn itself around. ... Full story

South African retailer Edcon battles with Rent

Clothing giant Edcon has asked owners of South African malls in which it operates for a 41% reduction in rent as its seeks to secure funding to stave off liquidation ... Full story

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