South Africa Property Market

Choppies Enterprises has announced plans of exiting the South African market, a few years after expanding into the country

Botswana-based grocery retailer to exit SA market

With South Africa’s economic showdown taking its toll on commercial property and mall owners, Botswana's budget retailer Choppies Enterprises has announced plans of exiting the South African market, a few years after expanding into the country ... Full story

Investment activity recovered notably year-on-year. This is partly attributed to a marked improvement in investor confidence on the back of Cyril Ramaphosa’s appointment as President of South Africa, said Zandile Makhoba.

SA’s commercial property in 'significant' turnaround

South Africa’s commercial property market made a “significant turnaround” in terms of investment activity last year by increasing 63.4 percent to R19 billion, according to the JLL Sub-Saharan Africa 2018 Investment review released yesterday. ... Full story

An artist impression showing South Africa’s $8 billion Smart City 'dead in the water'.

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

Planning, Monitoring and Evaluation Minister Nkosazana Dlamini-Zuma said land is a key asset to drive development, the reform of which must address socio-economic issues.

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

From a housing perspective, a pilot project with R950 million over three years to help first-time home buyers acquire a home are welcome news, says Dr Andrew Golding, CE of the Pam Golding Property group.

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

Rhys Dyer, CEO of ooba, says: “Uncertainty around impending South Africa’s land reforms as well as an increase in the prime lending rate to 10.25% in November probably contributed to the slowing property growth in the last quarter of 2018.”

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

Speaking at the launch of the EFF’s elections manifesto, party leader Julius Malema said: “We are going to amend section 25 of the Constitution to allow expropriation of land without compensation. We won’t pay them"

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

As the country’s economic powerhouse, Gauteng region continues to be a sought after location for many buying properties, particularly those looking for homes priced under R1.5 million – including first-time home buyers.

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

Steve van Wyk, Seeff’s MD in Centurion says when two properties are similarly priced it is first impressions and small details that will be the distinguishing factors.

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

My advice to first-time buyers would be to try and purchase in the first half of the year while the property market continues to lean in their favour, says Adrian Goslett

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

1 2 3 4 5 6 7 next total: 63 | displaying: 1 - 10

Newsletter

Africa Property Investment News | Commercial & Residential Property | Real Estate and Construction News
News and promos in your inbox