Vukile overcame a lacklustre operating environment to increase its full year distribution by 5.4% to 131.59 cents per linked unit while at the same time enlarging the size of the portfolio by 26% to R7.7 billion in the 2013 financial year.
The Don Group, a hotel operator turned residential letting group, said that the disposal of its nine hotel properties would result in the group being classified as a "cash shell", which could see its listing on the JSE being suspended.
Linked unit holders are advised that a wholly-owned subsidiary of Octodec, Presmooi Proprietary Limited has concluded agreements for the acquisitions of property letting enterprises together with their related immovable properties from various vendors
South Africa's foremost financial services company, FirstRand Limited has disclose plans to invest proceeds of its $250 million fund raising exercise across major West and Southern African real estate markets - particularly Nigeria, Ghana and Angola.
Michael Bauer, general manager of sectional title management company IHFM, has drawn attention to a recent TPN (Tenant Profile Network) report where, according to Stats SA, it mentions that 75% of landlords are actually micro-landlords (own one to ten properties and rent them out). If you are this type of landlord it is important to be quite careful in selecting the type of unit you will invest in and what rental category it falls under.
The FNB Estate Agent Survey suggests that the metro market segment that agents define as the Lower Income Segment showed the strongest demand-supply “fundamentals” of the 4 “suburban” income segments during 2011
South African Banks’ voluntary sales programmes for defaulting debtors are growing throughout the country
New Africa Properties' listing next month is set to double the size of the Botswana Stock Exchange's property sector.
More home owners are selling their properties to downscale due to financial pressure, according to the latest FNB Estate Agent Home Buying Survey released on Tuesday.

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