Shopping centre boom faces challenges

South Africans' devotion to the shopping centre has been a driver for retail property developments for decades. This desire to shop in large malls now permeates other parts of Africa too.... Full story

UK property player Capital & Regional lists on JSE

Capital & Regional, a UK focused specialist property Real Estate Investment Trust with a £1 billion (R21.2 billion) portfolio of in-town dominant community retail and leisure centres in the UK, on Wednesday took up a secondary listing on the JSE.... Full story

Legal and Policy >>

SA Property Owners upset with ban of Foreign Land Ownership in SA

Last week's announcement by President Jacob Zuma during his State of the Nation Address (SONA), regarding proposal to restrict foreign nationals from owning land, has disappointed the South African Property Owners Association (SAPOA).... Full story

Retail Property >>

SA has the sixth largest number of shopping centres globally

South Africa now has the sixth highest number of shopping centres of any country in the world, boasting almost 2,000 shopping centres with a floor area covering a whopping 23 million square metres.... Full story

Industrial Property >>

Industrial Property has to be nimble

Property groups are shifting to clean industrial properties focussed on light manufacturing, warehousing and distribution as harder manufacturing struggles, SA Commercial Prop News has learnt.... Full story

Leisure and Hospitality >>

Total income for accommodation industry up 8.1% y/y in July

Total income for SA's tourist accommodation industry rises 8.1% in nominal terms in July 2015 compared with July 2014.... Full story

Housing / Residential >>

Repo rate relief lauded as appropriate for the Property Market

The decision by the Reserve Bank’s Monetary Policy Committee (MPC) to retain the repo rate at 6% (basic mortgage loan rate of 9.5%) is, while not unexpected, nonetheless a most welcome move, Samuel Seeff, chair of the Seeff group says.... Full story

Gauteng >>

Tshwane ignored advice against smart meter project

The Tshwane metro's electricity smart meter fiasco is refusing to die down‚ with new information revealed showing the metro was warned against the contract by former finance minister Pravin Gordhan.... Full story

Western Cape >>

New visa requirements hit Cape Town property sales

Sales to foreign buyers across Cape Town’s Atlantic Seaboard and City Bowl are down by more than 30% year-on-year despite the more attractive pricing facilitated by the slump in the value of the rand against the Pound Sterling, Euro and Dollar.... Full story

KwaZulu-Natal >>

Milestone land claims settlement signed in KZN

A significant milestone has been reached in the settlement of the land claims lodged by the Mkhuzane and the Nodunga communities on properties previously owned by Mondi (Pty) Ltd.... Full story

Eastern Cape >>

Maimane pledges for better housing in Grahamstown

DA leader Mmusi Maimane vows to fight in parliament for better housing for Grahamstown township residents whose houses are flattened by a tornado.... Full story

Africa Property News >>

Acsa on the doorstep of acquiring advisory tender in Ghana

State-run Airports Company SA (Acsa) is finalizing a deal to advise the operator of Ghana’s main airport on the construction of a new international terminal, with funding from the Development Bank of Southern Africa (DBSA).... Full story

Property Market >>

Rates and taxes hikes fill municipal coffers but empty cities of business

Ongoing high municipal rate hikes are harming communities because of a lack of understanding about the far-reaching impacts of these increases reports Marius Muller, CEO of Pareto Limited. ... Full story

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Africa Property News

Africa Property News