The announcement this week by the Reserve Bank governor to keep the repo rate unchanged shows that there is some stability in the economy which, as per the last MPC decision, will have a direct impact on the property sector and in particular the commercial property market.
John Jack 2 days ago
As anticipated, the MPC kept the repo rate steady, taking a conservative approach against the backdrop of rising fuel prices, and with a wary eye on CPI inflation.
Dr Andrew Golding 2 days ago
The Reserve Bank should have been brave and should have cut the interest rate to kickstart the economy. Instead, the Monetary Policy Committee (MPC) kept the repo rate unchanged at 6.75%, leaving the mortgage rate at 10.25%.
Samuel Seeff 2 days ago
Distell Group was named Overall Winner at the 2019 Absa Business Day Supplier Development Awards, which recognise supplier development best practice in South Africa.
3 days ago
Almost half of Kenya's population is predicted to be living in cities by 2030, requiring sustainable, resilient, affordable housing. Getting this right is key to Kenya's development as many young people are moving to urban areas in search of jobs, opportunities and more choices.
3 days ago
Following the elections, there are signs of increased activity in the property market which may signal a possible upturn, says Gary Palmer, CEO, Paragon Lending Solutions.
Gary Palmer 3 days ago
While anybody thinking of investing in a rental property usually starts with two main considerations - the right location and the demand for rental property in that location, student accommodation is one of those property investments where the location is predetermined and the demand far exceeds the supply, making for the ideal foundation for a lucrative investment. But like any other property investment, it's important to do your homework before you start painting the walls and drawing up the lease agreements, says Giel Viljoen, principal at Leapfrog Stellenbosch.
22 May 2019
The co-working space in South Africa has seen tremendous growth over the years since its inception in early 2000. From small entrepreneur startups to large international corporates, convenience and the desire for exciting worker-space experiences is what continues to drive demand.
Andrew Utterson 22 May 2019
Construction on the 7000m² third phase expansion of Paledi Mall in the rural Limpopo town of Mankweng is under way, and will take it to 32,000m² in size. Pretoria-based owner Twin City Development is investing more than R130m in the expansion and has brought in leasing and development specialists Retail Network Services (RNS) to advise on the project.
21 May 2019
Peter Gilmour, who co-founded the RE/MAX franchise group in South Africa with his wife Val, has been appointed chairman emeritus at RE/MAX from 1 May 2019. Previously, Gilmour served as executive chairman and non-executive chairman of South Africa's largest real estate group. Gilmour will continue to act in an advisory capacity to the group and assist in facilitating some of their training programmes.
21 May 2019
Recent statistics from Lightstone show that single women are now buying significantly more homes in SA than married couples, and way more than single males. However, the chances are that single women would be buying even more homes, and increasing the size / price of those they that they do buy, were it not for a huge gender pay gap, says Gerhard Kotzé, MD of the RealNet estate agency group.
21 May 2019
Hybrid real estate agency Leadhome has announced the launch of Bondspark, a free, online bond origination business. Bondspark evolved into a stand-alone business after Leadhome identified the need for a more progressive bond origination service through its client base. Bondspark allows its clients to get a comparative quote on a home loan by applying on behalf of their clients through their online application.
20 May 2019
The minister of rural development and land reform has promised, once again, to deliver a finalised District Six redevelopment plan in three months.
Kristine Liao 20 May 2019
