Indluplace Properties Limited (‘Indluplace’), the first residential focused REIT listed on the JSE, today announced their annual results for the full year ending 30 September 2017.
South Africa is currently seeing the emergence of a new type of property buyer known as a “rentvestor”, says Gerhard Kotzé, MD of the RealNet estate agency group.
JSE AltX and Mauritius listed New Frontier Properties today reported solid financial results for the year ended 31 August 2017, despite market volatility and economic headwinds in a post Brexit operating environment.
Delta Property Fund, a specialist black-managed and substantially black-owned REIT with a significant sovereign underpin, today reported flat interim results for the six months ended 31 August 2017.
In some sectional title schemes, trustees might think keeping the levies as low as possible would be beneficial to the owners, but this is sometimes incorrect.
It has been common practice for municipalities to sell vacant properties for both commercial and residential development, subject to a title deed condition that the property must be improved within a certain period or the properties would revert back to the municipality.
The 3rd Quarter 2017 FNB Estate Agent Survey continued to point strength in levels of those sellers believed to be selling homes in order to downscale due to “life stage”.
Equites Property Fund Limited today announced a 12.02% increase in half year distributions to 60.98 cents per share, which is at the upper end of its guidance of 10%-12% distribution growth for the 2018 financial year.
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