According to statistics from ooba, South Africa’s foremost home loan comparison service, competition amongst the major banks for a bigger share of the home loan market remained fierce during the fourth quarter of 2021 (Q4 21).

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.

A decade ago, few of us would have contemplated the idea of negative monetary policy rates, let alone negative market-determined bond yields.

Rural and township retail specialists, Exemplar REITail, have declared a final dividend of 49.07 cents per share for the year ended 28 February 2021.

First quarter oobarometer statistics released by ooba, South Africa’s foremost home loan comparison service, show continued robust growth in the residential property sector despite a year dominated by the Covid-19 pandemic and the ensuing economic fallout.   

With South Africa’s inflation rate below the lower limit of the inflation target at 2.9%, and local inflationary expectations remaining well-anchored, it was expected that the Monetary Policy Committee would keep the repo rate unchanged, says Dr Andrew Golding, chief executive of the Pam Golding Property group.

The 1st Quarter 2021 FNB Commercial Property Broker Survey component that surveys broker perceptions of buying/selling market activity by major commercial property class, continued to show rising activity ratings in all 3 classes, i.e. the Industrial, Retail and Office Property Classes.

The Monetary Policy Committee has decided against altering the repo rate, deciding to keep it unchanged at 3.5% per annum, said Reserve Bank Governor Lesetja Kganyago.

Fortress Real Estate Investments, South Africa’s third largest REIT, announced today that its long-term strategy is paying off.  

Fairvest Property Holdings Limited (“Fairvest”) today announced results for the six months to December 2020 that portrayed strong improvements in property fundamentals and a pleasing 7.2% increase in distribution against the most recent six months to 30 June 2020, which were at the height of the COVID-19 lockdown.