A Johannesburg Stock Exchange listed company, Vivedend Income Fund, has been financed with R790 million property acquisition by Nedbank Corporate Finance.
R500 million of the R790 million was used to finance Vivedend for the Vusani acquisition. Vivedend has been doing a phenomenal job in a way that they managed to move from one to nine more properties valued at R515 million. This will further see Vivedend’s portfolio reaching R1 327 million worth of 19 properties, thus increasing the gross rentable area of 187 143 square metres.
Vusani Property Investments were established in …

The Managing Director of Rawson Properties, Tony Clarke, said that landlords have been struggling with courts in the previous years. Landlords used to believe that the law is always favouring the tenants, even though in most cases, the tenants are always on the wrong side.
Adequate housing has always been the court’s agenda to comply with the constitutional rights of citizens. Even though this has been going on for quite a while; the high court has, on the other hand, revealed that there is some sort of recourse, for landlords, should …

South Africa is recognised as one of the most important developing countries in the world. Not only because SA is part of BRICS, but because the country also incorporates state of the art properties.
Countries that form BRICS are expected to accumulate twice as much economic growth in 15 years to come. This has certainly created foreign interest in South African property. The World Bank recently announced that emerging markets are attracting investors from developed countries and that they are playing a massive role in reshaping the global economy.
Another positive side …

Shopping centres are prerequisites in life. They make things easier for the consumers and the rest of the land. Instead of having shops in many areas, shopping centres bring all of those shops together and create what we call a mall. However, these shopping centres need people who will run or manage them accordingly. For example, a qualified and experience manager can play a huge role in making sure that the shopping centre is well run.
If you want to be a property manager, you need to know of the following …

The best way to find property for sale in Johannesburg is via a real estate agent. However, I stand to be corrected, but I’m going to prove my point. Like any other jargoned term; “real estate agent is too broad.” If you break it down, you will realise that it has itsown specializations (well like any other profession). Some agents specialize is residential, industrial and some specialize in commercial properties. Those who specialize in commercial properties do know what to sell when a prospective customer wants to build a mall. …

Some positive South African property news; a new green hotel is in the pipe-line for Cape Town. The Hotel Verde is in its final stages of approval with the construction expected to be complete by early 2013.
The hotel name “Verde” means green in Italian but that isn’t the only reason why it is called a green hotel.  This 143 room, 3-star hotel is located just 500m from the terminal building of the Cape Town International building.  The room sizes, services and fittings will however be similar to those of a …

The property market is a lot like the information communication technology industry, change is frequent and as such experts in the market need to keep abreast with all the trends and alterations that come.
Here are a few examples of private property sale trends worth looking out for in 2012:

Government policies

New bills and laws that are being passed by government have a big role to play in the property market, the introduction of the Consumer Protection Act for example see’s the property market undergo new changes as contracts and leases are …

Over the past few months South African property news have repeatedly mentioned that the property market is under pressure. However, there seems to be some positive movements with regards to first time buyers.
According to the new oobarometer price index published by ooba, the average property purchase price declined by 1.1% to R823 476 in October this year, down from R832 705 a year earlier.
In contrast, the average purchase price first-time buyers paid for a property increased by 4.1% to R625 483 in the same month.
Saul Geffen, chief executive of ooba, …

Here is a bit of good South African property news – the rental market remains stable.
The number of South African tenants in good standing increased slightly in the third quarter of this year, however tenants at the lower end of the market (rental category below R3000 per month) seem to be under pressure.
According to the Tenant Profile Network’s (TPN) latest rental payment monitor, 80% of tenants were in good standing during the third quarter. This is a slight improvement from the second quarter, when 79% of tenants were in good …

Over the past decade, South African universities have built numerous residences to try and keep up with the growing demand for student housing. However, there still seems to be an under supply of accommodation for students according to South African property news reports. The issue was even discussed in parliament recently and received wide coverage.
A recent development in Rosebank, Cape Town, is specifically aimed at addressing this challenge. The development is conveniently located on Durban Road and comprise a four storey building with 55 two bedroom apartments all between 34 …