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Jacques Du Toit Absa Hoam Loans
January 20, 2017

Continued subdued residential building activity up to late 2016

in Office, Retail, Industrial, Hotels and Residential
Building activity with regard to new private sector-financed housing in South Africa (see explanatory notes) remained much subdued in the first eleven months of 2016 compared with the corresponding period in 2015, based on data published by Statistics South Africa.
John LoosFNB
January 17, 2017

The buy-to-let picture remains one of mediocrity, and primary residential demand is king

in Office, Retail, Industrial, Hotels and Residential
In the 4th Quarter 2016 FNB Estate Agent Survey, buy-to-Let demand was a little slower than the prior quarter, keeping the level of recent years “moderate” by pre-2008 boom time standards, and our estimates point to little in the way of growth in secondary property ownership.
Graeme Katz IAPF CEO
January 16, 2017

Investec Australia Property Fund increases its exposure to New South Wales

in Office, Retail, Industrial, Hotels and Residential
Investec Australia Property Fund (“IAPF” or the “Fund”) is pleased to announce the acquisition of 2 Richardson Road, North Ryde (“North Ryde Property”) and 20 and 24 Rodborough Road, Frenchs Forest (“Frenchs Forest Property”).
Deirdre Opperman
Jan 16, 2017

Property in Demand on Robert Broom Drive, Krugersdorp

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Coopers Square Mall Entrance REVD AFTER no logo
Jan 13, 2017

Next to relocate to former BHS store in Burton

National fashion retailer Next is set to treble in size in Burton upon Trent when it relocates to the former BHS store.
John LoosFNB
Jan 09, 2017

2016 represented further average house price growth slowing, moving into negative…

The FNB House Price Index for 2016 as a whole rose by 5%, slower than the 7.2% and 6.5% for 2014 and 2015 respectively.
John LoosFNB
Jan 09, 2017

Consumers will need to continue to “create their own luck” in 2017 despite some…

While economic growth is expected to be mildly better in 2017, this is not yet expected to be enough to turn Real…
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Jan 09, 2017

Hilton Garden Inn Casablanca Sidi Maarouf to begin construction in 2018

Hilton (NYSE: HLT) (www.Hilton.com) has signed a management agreement with Group Sadiki (www.GroupSadiki.com) to open…

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Lindie Engelbrecht

Ms. Lindie Engelbrecht, CA(SA) served as the Chief Executive of the Institute of Directors. Ms. Engelbrecht has advised, consulted and presented to boards and audit committees in the public and private sectors and to tertiary institutions on corporate, legal…
Wednesday, 23 January 2013 23:04

Spain praised for REIT overhaul

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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
Nedbank Property Finance is a market leader in commercial property finance, enabling you to realise your property opportunities through a diverse range of financing solutions.

Listed Property, REIT, Real Estate Funds

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Office, Retail, Industrial, Hotels and Residential

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Commercial Property Auctions

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Africa, International Property News

Adrian Horsburgh Redefine International

Redefine International lets remaining space at City Point, Leeds

January 09, 2017 Africa, International Property News eProperty News
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