November hotel revenues - strong year-on-year growth off a low 2020 base, but still far weaker than 2019.

The StatsSA November 2021 release of non-residential building plans pointed to early signs of weakening to come for the Commercial Property Building Sector in the run up to 2022.

The unrest and looting that took place in many parts of KwaZulu-Natal and Gauteng in July this year is little more than old news to many South Africans.

In the current economic environment, businesses are keen to reduce debt by paying down their commercial loans.

It was yet another historic moment for the South African Institute of Valuers (SAIV) when it elected its first black president at the 2021 National AGM and Seminar held on Thursday, 22 April at the Royal Pearls Hotel in Umhlanga, KwaZulu-Natal.

After the five aggressive repo rate cuts last year that dropped the prime lending rate to a historic low of 7%, homeowners and aspirant buyers have been holding their breath, waiting for the pendulum to swing the other way in 2021.

As the country emerges from COVID-19-related lockdowns, the hard lockdown having been in April and May 2020, high frequency data points to quite a lengthy road back to “full” recovery for the economy.

So asks Dr Andrew Golding, chief executive of the Pam Golding Property group.

Property in the Western Cape is regarded by many as among the most expensive in the country, and for first-home buyers, often completely out of reach. 

In this report, we discuss the 2nd quarter 2020 results of the rental market component of our FNB Commercial Property Broker Survey, which surveys a sample of commercial property brokers in and around the 6 major metros of South Africa, namely, City of Joburg and Ekurhuleni (Greater Johannesburg), Tshwane, Ethekwini, City of Cape Town and Nelson Mandela Bay.

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