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Foreign buyers sharpen Cape Town property competition
Lightstone data shows foreign nationals account for about 6% of South African property purchases, with the share climbing to roughly 39% among homes valued above R20 million.
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News
Cape Town de-risks affordable housing to attract private investment
Cape Town is packaging and de-risking city-owned land to draw private capital into affordable housing, with over R7 billion in land released since its Mayoral Priority Programme began.
News
Vukile raises R1.1bn in oversubscribed debt auction
Specialist retail real estate investment trust Vukile Property Fund has raised R1.1 billion through an oversubscribed debt auction that drew R3.65 billion in bids.
News
Former UJ Senior Director Ordered to Repay R18.18 Million Over Fraudulent Student Housing Scheme
The Labour Court ordered Andries Helani, the University of Johannesburg's former Senior Director of Student Affairs, to repay over R18.18 million for helping non-compliant private student accommodation providers secure accreditation.
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Transnet to Dispose of Carlton Centre, Durban Station Precincts and 13 Other Properties
State-owned Transnet plans to sell 15 non-core commercial properties, including the historic Carlton Centre in Johannesburg and the Durban Station precinct.
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Dipula Seals R2bn Acquisition of Retail Portfolio
Dipula Properties has agreed to buy a portfolio of nine shopping centres from Moolman Group and its co-investors for R2 billion, the landlord's most valuable transaction to date.
Article
Housing Costs Soar Across Major African Cities as Urban Growth Outpaces Supply
Rents have reached record levels in several African capitals, with Lagos ranked the continent's most expensive city for residential rents, as urbanisation outpaces housing supply.
News
Women Outnumber Men as Sole Property Owners in South African Metros, Data Shows
Women now outnumber men among sole owners of non-subsidised properties in South Africa, though men still own higher-value assets, according to property data company Lightstone.
Article
Downsizing in Retirement: Why Selling Your Home Is Not Always the Financial Win It Appears to Be
For many South Africans approaching retirement, downsizing seems like an obvious financial decision, but advisers say transaction costs, capital gains tax and emotional factors often make the real calculation far more complicated.