Two SA cities on top property list for rich and famous

January 23rd, 2017
Cape Town - Cape Town and Johannesburg rank among the top 50 so-called "alpha cities" in the world. These are cities which are attractive to the ultra-rich when they decide on where to buy luxury real estate in a city, according to the Wealth-X Global Property Handbook. It was compiled in collaboration with Warburg Realty and Barnes International Realty. The first edition of the handbook reviews the luxury r... more

Impact of VR on the real estate sector

June 8th, 2016
"Although it will still take some time for VR to become available to the majority of consumers, the advancement in the technology through hardware development and computing power has made the integration of VR into real estate business far more possible,” says Adrian Goslett, regional director and CEO of RE/MAX of Southern Africa. How does virtual reality differ from augmented reality? While augmented reality pr... more

Manhattan “style living” in Sandown / Sandton

May 6th, 2016
image_1 Priced from mid-R3 million, 12 on Westbrooke is a new exclusive curated development in Sandown Sentral suitable for connoisseurs of the finer things in life. Sandton, 10 May 2016 - Strategically located in the CBD of Sandown and 1.5km away from the Sandton central business district in Johannesburg, 12 Westbrooke in Sandown Sentral is a new conven... more


April 7th, 2016
Louis-van-der-Watt Southern Africa’s largest single-phase shopping centre development to date, the R5-billion Mall of Africa, is a 130,000sqm super-regional mall that sets a new benchmark for shopping centres on the continent. Commenting on the Mall of Africa development, Louis van der Watt, CEO of Atterbury says: “In line with the Atterbury vision to create working, shopping and entertainment spaces for everyone to live to thei... more

Attacq to focus on Waterfall City pipeline as mall milestone nears

March 31st, 2016
JSE-listed capital growth property fund Attacq will retain its focus on its development pipeline in Waterfall City, in Midrand, with the opening of the super regional mall, Mall of Africa, considered a key strategic milestone for the company. Mall of Africa, with a value of R4.9-billion on completion, is fully tenanted and remains on track to open on April 28. The 131 000 m2 Mall of Africa – South Africa’s ... more

Property market ends year on a strong note

December 21st, 2015
Cape Town - Property values have continued to grow in the past 12 months, with the average home price showing a year-on-year increase of just over 5% to R971 000 at the end of November, according to the latest statistics from BetterLife Home Loans, SA’s biggest mortgage originator. “At the same time,” said CEO Shaun Rademeyer, “the average approved bond size has only increased by 4.6% to R804 000, which me... more

Trendy Bryanston a Favourite With Joburg Buyers

December 7th, 2015
Bryanston is a vibrant and dynamic suburb in northern Johannesburg and is in huge demand among property buyers. This is according to Glenn Norton, Broker/Owner of RE/MAX Masters, who says the affluent suburb is home to some of South Africa’s most sought-after real estate. The area has become a popular place in which to invest, with sectional title properties the number one choice among property buyers in the are... more

Increasing demand for sectional title properties

November 11th, 2015
Cape Town - Sectional title units are becoming increasingly popular, in South Africa, according to Dr Andrew Golding, CEO of the Pam Golding Property (PGP) group. He pointed out that, while freehold price inflation has been slowing, sectional title price inflation continues to gather momentum. South African developers are responding to the change in demand, with sectional title units rising from 10.9% of total ... more

Mall of Africa, located in Midrand, South Africa is set to officially open in April 2016

October 19th, 2015
mall tterbury Property Group is developing the 131 000m² Mall of Africa – South Africa’s biggest single-phase shopping mall development to date. The new super-regional Mall of Africa represents the heart of the ambitious Waterfall – a city developed on a scale beyond anything South Africa has known. The combination of its sheer scale – it is larger than Cape Town’s V&A Waterfront and will rival Sandton Ci... more

Mall of Africa at Waterfall City in Midrand is more than 90% let

October 6th, 2015
lp10building Capital growth player Attacq’s much-talked-about Mall of Africa, at 131,000m² the largest single-phase shopping centre yet to be built from scratch in SA, is more than 90% let and on track to open its doors at Waterfall City in Midrand in April next year. The R4.8bn mall will be Attacq’s biggest single asset on completion. It will anchor the huge 323ha mixed-use Waterfall precinct taking shape along the N1 ne... more

Mara Delta’s change of name to ‘GRIT’ approved by majority of shareholders

News – Property Wheel | 21 Jul 2017
Shareholders are referred to the announcement dated 30 June 2017 relating to the proposed change of name of the Company from “Mara Delta Property Holdings Limited” to “GRIT Real Estate Income Group Limited”. The board of directors of the Company is pleased to announce that the ‘Change ... more

Capital and Counties announces 2017’s interim results

News – Property Wheel | 21 Jul 2017
Ian Hawksworth, Chief Executive of Capco, commented: “Our two central London estates have had an active start to the year. Covent Garden which now represents two thirds of our business is established as a world class retail and dining destination and continues to deliver positive rental and value ... more

Interest rate drop a relief for property owners

IOLProperty News | 21 Jul 2017
On the advice of the Monetary Policy Committee (MPC), the Reserve Bank decided this week to lower the repo rate by 25 basis points to 6,75%, which takes the prime lending rate and the variable mortgage rate from 10,5% to 10,25%. This decrease, announced by Bank Governor Lesetja Kganyago, follows a... more

Parking bay on sale for R990 000

IOLProperty News | 21 Jul 2017
A Clifton parking bay which this week went on the market has raised eyebrows for its eye-watering sale price of R990 000. But this should come as no surprise when one considers that Clifton, where the average home sells for R23 million, is the most expensive suburb in South Africa. This parking ... more

Reserve Bank announces interest rate drop

IOLProperty News | 21 Jul 2017
The decision to reduce the repo rate by 25 basis points announced by the Monetary Policy Committee of the South African Reserve Bank (SARB) will provide some relief to hard-hit consumers and home-owners, say the experts. While the Reserve Bank had said it had come to an end of its hiking cycle, fe... more