Ooba says the decision today by the South African Reserve Bank to increase interest rates by 0.5% from 6.25% to 6.75% will negatively impact the residential housing markets as many consumers are already facing increasing financial strain through dealing with elevated levels of debt and the rising cost of living expenses.

Nedbank Corporate and Investment Banking (NCIB) and the Green Fund which is managed by the Development Bank of Southern Africa (DBSA) on behalf of the National Department of Environmental Affairs (DEA), concluded an agreement to jointly fund the development of approximately 400 affordable green housing units in the Western Cape and Gauteng Provinces.

Recent studies suggest that while the demand for affordable housing is on the rise, affordability remains a barrier for millions of South Africans in this segment, resulting in renting increasingly becoming a more feasible option than buying.

Wednesday, 07 October 2015 13:13

Nedbank CIB

Nedbank Corporate Property Finance is the market leader in the commercial property finance industry.

Published in Property Finance
Thursday, 01 October 2015 16:41

Real estate endures despite constraints

While the local commercial property finance market has been constrained by poor economic growth, rising operating costs and low business confidence in the first half of this year, it remains buoyant, continuing the strong trend seen over the past few years, according to Nedbank Corporate and Investment Banking (NCIB) managing executive of property finance Robin Lockhart-Ross.

Atterbury Property’s development of Waterfall Corner in Waterfall City, Gauteng, has been named the winner of the Spectrum Award at the South African Council of Shopping Centre’s (SACSC) Annual Retail Design and Development Awards (RDDA).

Nedbank Corporate and Investment Banking and Rabie Property Group have joined forces to complete the Burgundy Estate residential development in Cape Town with the first two projects totalling 370 units at a cost of R400 million due to get underway.

Nedbank Corporate and Investment Banking (NCIB) has concluded an estimated R1.14 billion loan facility to finance a joint venture (JV) between Durban based commercial property development and investment company, Collins, and Aveng.

Property Finance at Nedbank Corporate and Investment Banking leads green building movement to sponsor 2015 Green Building Convention.

Mercantile Bank, a business bank inspired by entrepreneurs, has signed its single biggest lending transaction in its 50 year history. 

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