Latest News

John LoosFNB
September 29, 2016

Is it time to move towards a more attracive buy-to-let opportunity? Yields start to rise as the residential market slows

in Office, Retail, Industrial, Hotels and Residential
In the 2nd Quarter of 2016, the TPN-FNB National Average Gross Residential Yield rose slightly for the 1st time since the 1st quarter of 2014.
Jacques Du Toit Absa Hoam Loans
September 29, 2016

Household credit and mortgage balances

in Office, Retail, Industrial, Hotels and Residential
Growth in outstanding credit balances in the South African household sector remained low at 1,4% year-on-year (y/y) up to the end of August 2016.
Adrian Saville
September 29, 2016

The path to maintaining SA’s credit rating

in Office, Retail, Industrial, Hotels and Residential
I have previously referred to the South African economy as just muddling along – we aren’t shooting the lights out, but we haven’t sunk into the depths of a recession.
David Makhura Flickr
Sep 29, 2016

Gauteng government to sell brick empire

Gauteng government is preparing to sell all of its residential properties, including the premier's official residence,…
Brian Wilkinson GBCSA CEO
Sep 29, 2016

Green Building Council of South Africa celebrates milestone 200 Green Star SA…

The Green Building Council South Africa (GBCSA) is entering its 10th year of operation on a high note with a milestone…
Gerhard Kotze
Sep 27, 2016

Make a smooth switch from renting to owning

Owning a home is a dream-come-true for many young people, but being a first-time buyer wrapped up in finding just the…
King Shaka International Airport
Sep 27, 2016

Durban’s Shaka International Airport was built by Acsa without a feasibility study

Shaka International Airport was built by Acsa without a feasibility study, it emerges in correspondence linked to a…
Des de Beer Res
Sep 27, 2016

Greenbay Properties plans to raise R1.75bn new share issue

Greenbay Properties plans to raise R1.75bn through the issue of new shares, in line with its investment policy.

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Company Profile

Susan Burger & Associates

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Property Leader

Charles Erasmus

Charles Erasmus

Charles Erasmus serves as Senior Brand Strategist at Brand Union.
Wednesday, 23 January 2013 23:04

Spain praised for REIT overhaul

Written by [email protected]
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Spain has been praised for its plans to overhaul the Real Estate Investment Trust (REIT) regime by the European Public Real Estate Association (EPRA)

REITs have been identified by EPRA as an effective way to recapitalise property after a crisis and, with Spanish real estate struggling to reverse falling values, it is hoped this will be just the tonic. Ireland, which has endured similar property woes, will also be overhauling its REIT system in 2013.

Philip Charls, chief executive of EPRA, stated: "The Spanish and Irish governments have realised that the best way to attract domestic and international capital into their real estate markets and so underpin banking systems that are laden with property debt, is to make the sector attractive to investors." REITs are capable of doing this and have demonstrated their efficacy in previous crises, including the US Savings & Loans dilemma in the early 1990s.

According to Mr Charls, REITS have also been effective in Europe, channelling investment into top quality energy efficient buildings for businesses, retail units and housing. France and the UK are just two examples of countries that have effective REIT structures in place. However, there are risks for countries using REITs and these must not be ignored. "They are effectively equities and can therefore be just as volatile," explained Darius McDermott, managing director at Chelsea Financial Services, a financial adviser, to the Financial Times.

Nevertheless, Spain is trying to make the system as secure and effective as possible, approving an amendment on December 20th 2012 to cut tax on profits to zero, so long as 80 per cent of earnings are given to investors. This brings Spain broadly in line with the rest of Europe and abolishes the flat tax regime, which was unattractive to investors.

Speaking to Property Investor Europe, Mayra Merchan, general manager of the Association of Spanish Rental Property Companies, claimed that the overhaul of REITs and potential influx of property investment could also help to create much needed jobs. With unemployment limiting the activity of domestic buyers in the property market, this will have positive ramifications across the board.

Source: EPRA

Last modified on Thursday, 24 January 2013 07:50

Listed Property, REIT, Real Estate Funds

Des de Beer Res

Greenbay Properties plans to raise R1.75bn new share issue

September 27, 2016 Listed Property, REIT, Real Estate Funds eProperty News
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Office, Retail, Industrial, Hotels and Residential

John LoosFNB

Is it time to move towards a more attracive buy-to-let opportunity? Yields start to rise as the residential market slows

September 29, 2016 Office, Retail, Industrial, Hotels and Residential eProperty News
In the 2nd Quarter of 2016, the TPN-FNB National Average Gross Residential Yield rose slightly for the 1st time since the 1st quarter of 2014.

Green Building and Sustainability

Brian Wilkinson GBCSA CEO

Green Building Council of South Africa celebrates milestone 200 Green Star SA certifications

September 29, 2016 Green Building and Sustainability eProperty News
The Green Building Council South Africa (GBCSA) is entering its 10th year of operation on a high note with a milestone 200 buildings rated with Green Star SA certifications. 

Commercial Property Auctions

Aerial view cold storage in Bellville

Second half of 2016 more positive for property sector, says Broll Auctions and Sales

September 16, 2016 Commercial Property Auctions eProperty News
Following the uncertainty prior to the elections, the second half of the year should be much more positive for the property sector, according to Norman Raad, CEO of Broll Auctions and Sales.

Africa, International Property News

Spur_Corporation

Spur Corporation FY headline earnings up 15.9% to R164.0m

September 14, 2016 Africa, International Property News eProperty News
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Construction, Energy and infrastructure

The Yacht Club Cape Town

Amdec’s The Yacht Club breaks ground with 80% of its apartments sold out

September 20, 2016 Construction, Energy and Infrastructure eProperty News
Construction has commenced at The Yacht Club, a unique R1.3bn mixed-use iconic development by the Amdec Group, South Africa’s leading developer of New Urban lifestyles.

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