The containment measures put in place in the past two years in response to the pandemic shuttered businesses and offices and dealt a severe blow to the demand for the commercial property market — especially, in the retail, hotel, and office segments.
The multi-year retail property market correction appears likely to continue during FNB’s economic forecast period.
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All industries and businesses have been impacted by the Covid-19 pandemic in some way, including how their commercial properties are being utilized. ...
For the second time in a row this year, the South African Reserve Bank increased the repo rate by 25 basis points, bringing the prime lending rate to 7.75%....
The South African commercial property sector is still experiencing tougher conditions, especially weaker economic growth coupled with the decline in demand for office space — prompting listed funds to convert their office parks into Residential apartments....
The South African Institute of Valuers (SAIV) has announced that applications are open for their 2022 Mentorship Programme, from 7 March until 30 April 2022. ...
Following this weekend’s spate of unrest across the country, the South African Property Owners Association (SAPOA) strongly condemns the incidents of looting and malicious damage to retail property centers....
The impact the Covid19 pandemic has had on human life is of utmost importance, but the effect it has had on the Property Market cannot be understated....
Since last year, South African Landlords gave a whopping R3 billion in rental assistance to protect Tenants in the state from eviction and curb business failures, SA REIT Association released a report....
COVID-19 has highlighted underlying vulnerabilities that undermine South African citizens’ quality of life. ...
Addressing the 2021 State of the Nation Address (Sona), President Cyril Ramaphosa confirmed that his administration is conceptualizing a number of post-apartheid smart cities in provinces around the country....
The COVID-19 pandemic has accelerated Radisson Hotel Group Africa’s hospitality plans, pushing the company to invest billions in building new six new hotels in Africa, including two in South Africa....
‘Aparthotels or serviced apartments are a relatively recent phenomenon growing in popularity among property investors wanting to mitigate risk....
The 2020 State of the Nation Address (SONA) is on everyone’s minds and it’s clear that our President and his cabinet have a lot of work ahead of them. ...
The listed property's party is over and investors who’ve invested because of the sector’s historic ability to deliver inflation-beating dividends are no doubt wondering if it’s still the best place to stash their cash....