“Never conclude a person by his present status because time has the great power and ability to change a useless coal into a valuable diamond” ~ Punita Sah.

The first quarter of 2019 saw significant diverging trends at a segment level in private sector financed residential building activity in South Africa.

Indluplace Properties Limited (“Indluplace”), the largest, residential focused JSE-listed REIT, with a portfolio that provides affordable rental housing, today released its financial results for the six months ended 31 March 2019.

This month, Africrest Properties opened their latest residential conversion project up for leasing and the first tenants have started moving in.

Levels of building activity in the South African market for new housing remained subdued in 2018, which were much in line with trends since 2010 after the economy emerged from recession in 2008/09.

Berry Everitt, CEO of the Chas Everitt International property group, says that the very detailed State of the Nation Address dealt with all of the economic and social issues that are currently of concern to the real estate industry, including the need to rebuild investor and consumer confidence in SA, stimulate economic growth, accelerate job creation and eliminate widespread corruption.

Private sector-financed building activity (see explanatory note) in the South African market for new housing remained subdued in the first eleven months of 2018, based on data released by Statistics South Africa.

Africrest Properties was thrilled to host the Member of the Mayoral Committee (MMC) for Development Planning for the City of Johannesburg- Reuben Masango as well as MMC for Housing- Meshack van Wyk, at the opening of their latest middle income residential development in Bramley, known as ‘The Village’.

Today’s October CPI (Consumer Price Index) showed a slight acceleration in its year-on-year inflation rate, from 4.9% in the previous month to 5.1%.

Dr. Kennedy Okonkwo, a top player in affordable real estate in Nigeria has featured on the November edition of Forbes Africa where he revealed that long term partnerships between private and public sector is key to improving housing gap in Nigeria.

Page 1 of 13

Most Popular

City of Joburg Housing Development wins UN award

Sep 17, 2019
 MESHACK VAN WYK
The City of Johannesburg’s Housing department has won a Sustainable Cities and Human…

Mall of Africa Celebrates Launch of New Generation Pick n Pay Store

Sep 23, 2019
 MOA PNP  1
Today Mall of Africa welcomed one of South Africa's biggest grocery retailers to the…

Exemplar REITail Acquires Katale Square Shopping Centre

Sep 23, 2019
 JASON MCCORMICK
Real estate investment trust, Exemplar REITail, has acquired Katale Square shopping…

Mixed-use is the key to funding hotel development in Africa

Sep 17, 2019
 XANDER NIJNENS
JLL’s research into global property transactions reveals that in the first half of 2019,…

Reserve Bank keeps repo rate unchanged

Sep 23, 2019
 LESETJA KGANYAGO
 South African Reserve Bank Governor Lesetja Kganyago on Thursday said this is in line…

Please publish modules in offcanvas position.