Tag: property
Land expropriation hits affordable housing
The expropriation of land without compensation debate has resulted in a significant slump in demand for affordable housing, with many aspirant homeowners believing they...
‘Is Cape Town open for business?’ – Property forum after Foreshore project is cancelled
It is time for the development industry and the City of Cape Town to discuss seriously the structure of any future Requests for Proposals...
Generation Z and real estate
Generation-Z (people born after 1998) are obviously the future of real estate, and the industry is starting to think seriously now about where they...
Foreigners continue their pursuit of South African property
Foreign ownership in the local property market has experienced an encouraging upsurge over the last several years. In 2017, property market data and analytics provider Lightstone Property released...
The future of Cape Town’s office development
Cape Town’s future skyline is taking shape as the city’s central business district experiences its largest construction boom in modern times. This flood of...
Markus Jooste profited handsomely from Steinhoff property deals
Markus Jooste, who quit as head of Steinhoff International Holdings NV in December amid an accounting scandal, oversaw a complex series of transactions where...
Cape Town property valuations will be abused
It is easy to understand the concern that the new Cape Town property valuations will be abused to increase income for the council from...
Texton buys R205m property portfolio
Listed property fund Texton has acquired a portfolio of logistics properties in Cape Town from listed Equites Property Fund for a total of R205.3million.
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R24bn spent on Cape CBD could double property value in next 10 years
A report that has been released by the Cape Town Central City Improvement District (CCID) has revealed that investment worth R23.954 billion has been...
Steinhoff cuts estimated value of major European property portfolio
Embattled retailer Steinhoff has announced that the true value of real estate interests owned by one of its European subsidiaries may be €1.1bn (about...
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City working to resume Bayside Canal upgrade in Milnerton
The City of Cape Town’s Water and Sanitation Directorate remains committed to completing the multi-million rand Bayside Canal upgrade in Milnerton. Work on site...