eProperty News

JSE listed REIT Octodec Investments Limited, today reported its results for the six months ended 28 February 2021, against a weak economic environment exacerbated by the COVID-19 pandemic and country lockdown.

The TUHF Western Cape regional team believes that even though COVID has had an impact on the property market, there are still significant opportunities for savvy investors looking to enter the affordable residential sector as new areas for development become available.

Since the beginning of the pandemic, one of the biggest questions in real estate has been around office occupation as lockdown restrictions forced white collar workers to trade office desks for kitchen counters and coffee tables.

Thursday, 15 April 2021 22:10

Somerset West property update

Somerset West’s property market is renowned for its resilience, but the last few years have delivered some unprecedented challenges.

Despite global doom and gloom, Stats SA in their latest gross domestic product (GDP) report, state that the construction industry in South Africa reportedly grew at a rate of 11.2% in the fourth quarter of 2020.

1st Quarter 2021 FNB Property Broker Survey of Rental Market Conditions – Brokers perceive recovery in Industrial and Retail market activity, but little sign of rising activity in the Office Market.

Attacq Limited (“Attacq”), the leading JSE-listed REIT, with a high-quality portfolio of commercial assets comprising office and mixed-use, retail, light industrials and hotel spaces valued at R20.4 billion as at 30 June 2020, has experienced continued positive leasing activity despite lockdown operating conditions.

After the five aggressive repo rate cuts last year that dropped the prime lending rate to a historic low of 7%, homeowners and aspirant buyers have been holding their breath, waiting for the pendulum to swing the other way in 2021.

On the 31st of March, SAIBPP is launching SAIBPP Connect, an online platform geared towards transformation, supporting entrepreneurship, and providing the space for established property practitioners to network with smaller developers and entrepreneurs.

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