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.

Tuesday, 13 December 2016 11:26

Tighter leasing plan to save state 20%

Department of Public Works starts renegotiating its leases with PIC as part of the government's drive to effect R25bn in savings over the medium term.

Until very recently new owners of properties were held liable for the historical debt of a seller due to a municipality in terms of Section 118(3) of the Municipal Systems Act.

Government-owned flats and houses are being leased to the public for the first time.

Tuesday, 22 November 2016 11:56

Valuer-general pledges no favouritism of state

SA's first valuer-general moves to allay private sector fears that his office will favour the state when determining prices for properties identified for land restitution.

Tony Smedley speaks about the fund's plan to raise new capital to help fund an investment pipeline of around EUR150m.

Ascension has concluded an agreement for the disposal of the property letting enterprises in respect of the 3 properties known as Bergstan House, Matrix House and Nedbank Centre to Camden Bay Investments 44 Proprietary for an aggregate consideration of R199m.

The weaker economic outlook continues to add pressure on office rentals, but JSE-listed diversified real estate investment trust Redefine Properties (JSE: RDF) says a well located office block with the right offering "should let".

JSE newcomer Stor-Age Property REIT has followed its November 2015 listing debut with strong growth momentum, despite the current turbulence in the local economy.

Tower Property Fund conclude preliminary agreement with Agrokor d.d and Konzum d.d to acquire 4 Konzum stores and shopping centres in Croatia for €66 386 227 less the amount of debt in the Dubrovnik company.

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