News

There is nothing stagnant about the property industry and Private Property will keep you in the loop through its dedicated Property News portal. Important elements such as whether it’s a buyers’ or sellers’ market, industry trends, and property news specific to South Africa are covered in this section.

Market Industry Private Property South Africa
Rate increases by 25 basis points
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Rate increases by 25 basis points

As expected, the Reserve Bank has announced another rate hike at today’s Monetary Policy Committee meeting, bringing the benchmark repo rate up to 7% and the prime lending to 10.50%.

Africa Rising to roll out R1,6bn in developments
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Africa Rising to roll out R1,6bn in developments

Africa Rising, a Durban-based independent property development company, purchased properties worth R300m from Tongaat Hulett Developments during 2015.

Where South Africans invest
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Where South Africans invest

The results of a recent survey on where South Africans choose to invest.

Expropriation Bill gets passed
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Expropriation Bill gets passed

With all eyes on the budget during the last week of February, the government hurried through the Expropriation Bill.

Good transport links bolster property values
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Good transport links bolster property values

Properties near good transport links have shown stronger growth than those that aren’t, according to Laurie Wener, managing director, Pam Golding Properties Western Cape.

Shopping centres should adjust their hours to shoppers’ needs
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Shopping centres should adjust their hours to shoppers’ needs

Successful retail centres should stay open later in order to boost retail sales because modern South African lifestyles have changed.

Rate hike as expected, but property market still remarkably resilient
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Rate hike as expected, but property market still remarkably resilient

Today’s interest rate hike is exactly as expected. What does it mean for the property market?

The best and worst of SA’s municipalities
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The best and worst of SA’s municipalities

A new index compiled by Good Governance Africa (GGA) has revealed which of the country’s municipalities are performing well… and which are not.

What a Moody’s downgrade means for the local property market
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What a Moody’s downgrade means for the local property market

The decision by international ratings agency Moody’s to place South Africa’s Baa2 bond and issuer ratings on review for downgrade has serious consequences on the short to medium term property market.