No recession for commercial and industrial development

No recession for commercial and industrial development. Good news for the commercial and industrial property sector. While residential and retail property take a huge knock, Stats SA revealed earlier this month that the star performer during the 2nd quarter of this year has been construction. Despite South Africa slipping into a technical recession, activity in …

Read moreNo recession for commercial and industrial development

Office space being converted

Office space being converted. Presistently high office vacancies, particularly in city central business districts (CBDs), continue to spur conversions to residential units. The latest SA Property Owners’ Association (Sapoa) office vacancy report revealed that the national office vacancy rate declined by 0.4 percentage points to 11.1 percent in the second quarter of this year while the …

Read moreOffice space being converted

Pass SST savings to property buyers

Pass SST savings to property buyers. KUALA LUMPUR — Property developers will review prices of new homes in response to the government’s call for tax exemption savings on construction materials. This will be passed on to consumers. According to the New Straits Times, some said they could also apply discounts to existing units despite the …

Read morePass SST savings to property buyers

Buying property in Mauritius

Buying property in Mauritius. South Africans are increasingly dominating the property market in Mauritius with their buying power, contributing to growth in the construction and real estate sector. This is according to Diane Watkins, executive director of Barnes International Realty in Mauritius. Whether you want to sell your residential property or buy a new real …

Read moreBuying property in Mauritius

India’s first Real Estate Investment Trust

India’s first Real Estate Investment Trust. India’s much-awaited maiden real estate investment trust (REIT) is set to debut almost four years after the rules were notified and efforts by the government over the past few years to put in place regulations on par with global standards. Whether you want to sell your residential property or …

Read moreIndia’s first Real Estate Investment Trust

Look for the following in a home

Look for the following in a home. Stick to your budget Don’t overbuy for your budget. Make sure you know how much you’re comfortable paying in a mortgage amount and stick to that limit, even if you’ve been approved for more. You don’t want to be in a position where you feel house poor, or …

Read moreLook for the following in a home

Boost for first-time home buyers

Boost for first-time home buyers. With the rand regaining some ground and inflation surprising on the downside this week, existing and aspirant home buyers will be relieved at the Monetary Policy Committee’s decision ON 20 September 2018 not to increase the repo rate, says Dr Andrew Golding, chief executive of the Pam Golding Property group. …

Read moreBoost for first-time home buyers