eThekwini Municipality has appointed Southern Sun Hotel Interest as the Preferred Bidder for the long-term leasing and redevelopment Erf 11414, 11415, 11416, 11418, 11419 Situated on Portion of the Remainder of Erf 1 Durban for a period of 50 years commonly known as “The Elangeni and Maharani Tower”. The current lease is due to expire on the 31st of December 2025.

TPN Credit Bureau has released its latest Vacancy Survey Report for the second quarter of 2024. The report saw an increase in residential vacancy rates across all provinces and rental bands. According to TPN’s latest Vacancy Survey Report, vacancies increased from 4.42% in the first quarter to 6.72% in the second quarter of 2024 with KwaZulu-Natal and the Eastern Cape the worst hit with double digit increases. Gauteng and the Western Cape reported fewer vacancies, aligning with the national average.

The 15th Annual Africa Property Investment (API) Summit concluded last week Friday on a high note, offering deep insights into the transformative power of technology within the real estate sector. Among the standout sessions was the panel discussion titled "TECH IN REAL ESTATE: Top-Down Influence: How Technology is Influencing Listed and Private Real Estate," which featured industry leaders exploring the intersection of technology and property services.

In recent years, transforming and revitalising townships has increasingly become a priority, as the high demand for affordable housing is coupled with the critical role that townships play in bolstering South Africa’s economic growth.

While much has been discussed about the effects of South Africa’s newly introduced two-pot retirement system on the general population, little has been focused on how these new regulations will affect the country’s current and upcoming pool of high-net-worth retirees.
Implemented on 01 September, Gus van der Spek, owner of upmarket retirement lifestyle development Wytham Estate in Cape Town’s Southern Suburbs, shares that the new system will have a significant impact on high-net-worth retirees - South Africa’s top 6% who can afford to retire comfortably (10X Investments Retirement Reality Report 2023). 

Shaking up the market and setting new standards: The arrival of Under One Roof signals a major shift in how properties are listed and discovered; and brings with it fresh competition for the industry.