News by Country
Published stories attached to South Africa.
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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.
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.
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.
Martin Wragge, the South African property developer behind Cape Town's iconic Century City and Canal Walk Shopping Centre, transformed swampland into one of the continent's most successful mixed-use hubs while navigating near-bankruptcy and boardroom battles.
Africa's real estate market is now valued at approximately USD 17.6 trillion, representing about 2.7 percent of global real estate value, according to a new LEAF Africa study report. The report identifies Nigeria, Kenya, and Ghana as the continent's fastest-growing property markets.
A growing pool of vacant retail and commercial space in South Africa is shifting the balance of power toward tenants, giving occupiers room to negotiate lease terms, fit-out contributions and flexibility that would have been difficult to secure just a few years ago.
JSE-listed REIT Vukile Property Fund has completed and opened a R76.1 million extension and refurbishment of Nonesi Mall in Komani, adding 3,100 square metres of fully pre-let retail space.
South Africa's Special Tribunal has set aside irregular arrangements between the eThekwini Municipality and three companies behind the Phoenix infill housing project, barring new construction.
Shareholders of JSE-listed residential developer Balwin Properties have overwhelmingly approved the scheme of arrangement that will take the company private in a R2.3bn, Public Investment Corporation-led deal.