While being the best performing asset class of 2015, South African Real Estate Investment Trusts (REITs) are having to weather many challenges which have prevailed for the past four to five months.
While Johannesburg may be the richest city in Africa which is undergoing impressive development, Lagos with its young population and oil, — is the future hub for property investors, reports Ortneil Kutama, Africa Property News.com Media Director.
Experts are predicting a difficult year for listed property. Many forecasters have said that the sector won't get near double digit total returns this year unlike many years in the past where double digit returns were commonplace.... Full story
The landscape of shopping centres in South Africa is adapting to cater for customers’ changing wants and how those customers believe those wants will be met.... Full story
Total income for SA's tourist accommodation industry rises 8.1% in nominal terms in July 2015 compared with July 2014.... Full story
Hammarsdale, west of Durban is on a roll, thanks to Keystone Industrial Park, to be built at an estimated cost of R6 billion.... Full story
The South African Reserve Bank Governor, Lesetja Kganyago on Thursday announced a 50 basis-point increase in the repo rate to 6.75%, meaning the prime lending rate is now at 10.25%.... Full story
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Stefanutti stock climb more than 9% in morning trade following the release of its interim results.... Full story
Central African property markets are being encouraged to work together to attract investment from the continent and beyond. However, severe violence and unrest in Burundi means its efforts to grow its economy and property market are being stifled.... Full story
Mangalis Management Group recently said it plans to invest R4.3bn towards hotel developments in Africa. ... Full story