The Estate Agency Affairs Board (EAAB) will re-open its Sandton, Johannesburg offices before the end of June following their closure due to the COVID-19 lockdown.

“The COVID-19 Crisis has changed the world a lot, perhaps less through introducing new trends and more through speeding up old trends,” said John Loos, FNB Economist at an FNB Commercial Property Finance (CPF) webinar earlier today.

The National Home Builders Registration Council will resume offering its full service operations at its main Provincial Offices as of Monday, 8th of June 2020 in line with the Level 3 Lockdown Regulations.

Shoppers slowly began returning to shopping centres and malls after lockdown restrictions were eased slightly on May 1 and activity is expected to pick up further when the country moves to level 3 lockdown  from June 1 says Fortress REIT, the owner of 60 malls across South Africa.

Wednesday, 27 May 2020 11:48

The success of online Property Auctions

The current state of the economy brought about by many factors including the Covid 19 Pandemic and the recent downgrade to junk status is having an unparalleled effect on the real estate industry in South Africa.

On Sunday evening, the President announced a relaxation in COVID-19-related lockdown measures, from level 4 to level 3 as from 1 June, which means the opening up of most retail activity, excluding restaurant and pub facilities.

The Covid-19 pandemic and South Africa’s lockdown regulations are impacting all aspects of our lives.

In the midst of a rapidly contracting economy in limbo under an extended lockdown, today’s (21 May 2020) announcement of a further reduction of 50 bps in the repo rate will have a positive effect on the residential property market, albeit deferred until potential buyers can begin transacting in earnest, says Dr Andrew Golding, chief executive of the Pam Golding Property group.

Thursday, 21 May 2020 16:34

Repo rate cut by 50 basis points

The South African Reserve Bank (SARB) has cut the Repurchase (repo) rate by 50 basis points.

It is vital that the entire construction industry be allowed to return to work as soon as possible.

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