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		We have made a selection of interesting articles and research documents about the South African property market.

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Market Updates

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Claremont Upgrades Central Area

The cranes are flying in Claremont Central - Claremont's Business District. They provide the obvious symbol of some R2-billion of private sector investment that is creating new office, retail and residential development in the area

The City has been working with the CIDC on proposals for upgrading the entire public environment of Claremont Central and a two-year study by consultants has been completed. Officials hope to obtain Council approval for its recommendations by the end of the year. The public consultation process now underway is an important step in this process. A public participation programme, including exhibitions and a public meeting, has also been formulated. The study's proposals see the streets and squares of the area being reclaimed for pedestrian use, with residents benefiting from a selection of treed outdoor places, where birds and birdsong replace motor cars and tarmac.

Claremont Improvement District Company, 02-05-2007

Tourism Encourages Interest in South African Property Market

Foreigners are definitely showing a stronger interest in SA’s property market, particularly the hotel and leisure property sectors

Pace Property Group MD David Green says the interest in the hotel and leisure market is due to the fact that the country is becoming a popular tourist destination and investors consider SA to be “undersupplied” with quality hotel accommodation. “Generally there is a trend throughout the world to seek investments in emerging economies such as eastern European countries, Asia and southern Africa.” But the South African property market still has a way to go in terms of the size of the property transactions available. Green says a recent single European transaction was equivalent to, if not greater in size than, any of SA’s largest JSE-listed property funds.

estata, 25-04-2007

2010 Triggers Massive Growth for Cape Town

The 2010 World Cup Soccer Tournament is the single biggest catalyst that will help trigger major infrastructure investments in Cape Town

Addressing the Cape Town Press Club last week, City Manager, Achmat Ebrahim, said that the stadium at Green Point and supporting infrastructure for 2010 are the biggest capital projects Cape Town has ever undertaken. "It is not just about the construction of the stadium. Nor is it just about soccer. It is an unprecedented opportunity for the City to overhaul its public transport system, upgrade major road networks and other facilities. "Often and unfairly, Cape Town has been portrayed as being out of step with the rest of the country and lacking the will to pull it off in time. This is not so. We had to go through a host of statutory approval processes and major obstacles over many months. These included an environmental impact assessment, rezoning, consent use and building plan approval. We also had to overcome legal challenges and funding crises.

Cape Business News, 23-04-2007

Listed Property versus Direct Property

Which should you be investing in if you have a bit of extra money to invest and your heart is set on property, then consider going listed and direct property?

Rode's latest report for the quarter ended December 2006 stated that the most significant benefits of investing in listed property as opposed to the buy-to-let market are diversification and increased liquidity. With listed property, an investor would easily be exposed to a portfolio of properties in different areas and across various market segments, whereas this would be costly and more difficult with direct property.

Moneyweb, 18-04-2007

Golf Estates in South Africa Taking Off

Ongoing research over the past decade has proved to us conclusively that there are two principle reasons for investment in real estate around a golf course - security and community

During the past 10 years golf estate living has taken off in South Africa, and while there is certainly room for growth and further development, the parameters have changed dramatically and there is a great deal more for a potential developer to consider before taking a bold step into the golf estate development environment, says Dr Andrew Golding, CE of the Pam Golding Property group. "Over the past two to three years, there has been a fundamental shift in the state of the market, which we believe is due to the nature and location of the product available, the status of the potential buyers, and the way in which these two interact. "The fact that golf estates have become the perceived 'rich man's haven' is as much due to basic economic principals as anything else. To build a golf course of any quality costs in the region of R40m plus and once you've added the cost of the land, club house facilities, spa and other amenities, you have a business scenario not for the faint-hearted, with the only means of reclaiming the investment being through the sale of residential stands. "When the concept of golf estate living first took off, there was a substantial block of leisure market purchasers, looking for a weekend or holiday property, certainly enough to fuel the market and support broad-based speculative purchases.

estata, 15-04-2007

Guest House Property Market Heats Up

South Africa continues to attract international investors seeking to relocate and invest in lucrative Guesthouse opportunities

"In the Western Cape during the current month of March (2007) alone, we are in the final stages of concluding transactions for the sale of lodges and guesthouses at a total value of R47-million, while in Gauteng, through our a further R30-million's worth of deals are currently being signed," says Bruil. "Buyers are a mix of Dutch, UK, German, Kenyan, Cameroonian and Spanish investors, plus most recently, purchasers from the Czech Republic. These are well-established people, already successful in their careers, who see South Africa as their new home and want to have their own business here. Some are already living here.

estata, 13-04-2007

Johannesburg Targets Black and Female Investors

More than R1,7-billion has been invested in property refurbishments and construction in the inner city since Johannesburg launched a drive to regenerate the area in October 2004

To complement this, the City is calling on black economic empowerment (BEE) and female investors to take advantage of the inner city's bright economic climate and participate in its efforts to reverse the negative economic trend that characterised the area during the 1990s. Speaking at an urban development zone (UDZ) seminar attended by business people on Wednesday, 4 April, the acting executive director in Joburg's Department of Economic Development, Jason Ngobeni, said the revitalisation of the inner city was a key City priority.

Johannesburg News Agency, 10-04-2007

South African Property Continues to Play in the Top League

The South African commercial property market achieved total returns of 26.7% in 2006, the second highest annual return since the start of the index in 1995

This strong result was below the 2005 overall property return, which was at 30.1%, signalling a levelling of a very strong property cycle. These results were released by IPD (Investment Property Databank) in Johannesburg, Cape Town and Durban at events sponsored by RMB Properties (Pty) Ltd. "The three-year annualised return for commercial property is 26.7%, equivalent to the total return of 2006, and the five-year annualised return is a sturdy 20.8%", said Managing Director of IPD South Africa, Stan Garrun. Equities and property loan stocks outstripped the direct property index at 41.2% and 33.8% respectively, but direct property achieved better returns than the property unit trusts at 16.2% and bonds at 5.5%. Over a 12-year period property marginally outperformed equities at 15.8% vs. 15.6%.

IPD Global, 03-04-2007

Foreign Focus On South Africa Commercial Property

A largely untold aspect of the commercial and industrial property boom of the moment is growing foreign interest and investment in South Africa

The number of purchases of South African commercial and industrial property by foreign buyers is believed to have exceeded that of residential property. Andrew Bradford of property consultancy Bradford McCormack explains: "Much has been made of the growing foreign demand for residential real estate in SA, but estimates are that these sources actually account for less than 1% of all such transactions. "On the other hand, while no official figures are available, anecdotal evidence and our own experience points to the fact that the number of acquisitions by foreign owners of both commercial and industrial property exceeds that percentile."

Property24, 03-04-2007

2006 Highs in Commercial Building

According to John Loos, property strategist for FNB Commercial Banking, the release of December building statistics by StatsSA for the year 2006 reported that the real value of building plans passed reached the highest level on record, and probably safe to say the highest level ever, finally surpassing the previous record set in 1982 around the gold boom period.

For 2006 in total, StatsSA figures showed a 21% rise in the real value of total commercial building plans passed, reaching an all time high level. "The real value of commercial building completions has some way to go to passing its previous record set in 1985, but nevertheless rose again, by 21,8%, the fourth successive year of increase in real terms. Judging by the gap being opened up between the real value of plans passed versus completions, it would appear that the rising long term trend in real value of completions has some years to go," says Loos.

Property24, 29-03-2007

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ZAR 3,900,000

Breede River, Garden Route, Western Cape
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Stellenbosch, Winelands, Western Cape
ZAR 1,879,500

Port Elizabeth, Addo, Eastern Cape
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ZAR 495,000

Langebaan, West Coast, Western Cape
ZAR 1,295,000

Port Elizabeth, Sunshine Coast, Eastern Cape
ZAR 1,563,000

Welkom, Sandriver, Free State
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Plattekloof, Cape Town, Western Cape
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Kleinmond, Overberg, Western Cape
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Vanwyksdorp, Klein Karoo, Western Cape
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Melkbosstrand, Cape Town, Western Cape
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ZAR 1,150,000

Durbanville, Cape Town, Western Cape
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ZAR 995,000

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Wellington, Boland, Western Cape
ZAR 990,000

Glengariff, Sunshine Coast, Eastern Cape
ZAR 425,000

Plattekloof, Cape Town, Western Cape
ZAR 1,000,000

Pretoria, Gauteng
ZAR 473,250

Tyger Valley, Cape Town, Western Cape
ZAR 499,000

Hermanus, Overberg, Western Cape
ZAR 2,000,000

Thabazimbi, Waterberg Biosphere, Limpopo
ZAR 390,000

Knysna, Garden Route, Western Cape
ZAR 750,000

Blaauwbergstrand, West Coast, Western Cape
ZAR 100,000

Waterval Boven, Mpumalanga Escarpment, Mpumalanga
ZAR 20,000,000

Makhado, Soutpansberg, Limpopo
ZAR Price on Application

Blyderus, Blyde River, Limpopo
ZAR 1,600,000

Bloubergstrand, Cape Town, Western Cape
ZAR 1,250,000

Wellington, Winelands, Western Cape
ZAR 785,000

Balgowan, Midlands, KwaZulu-Natal
ZAR Price on Application

Groot Drakenstein, Winelands, Western Cape
ZAR 12,000,000

Bela-Bela, Waterberg, Limpopo
ZAR Price on Application

Ballito, North Coast, KwaZulu-Natal
ZAR 695,000

Durban, KwaZulu-Natal
ZAR Price on Application

Wigwam, Rustenburg, North West
ZAR 660,000

Britannia Bay, West Coast, Western Cape
ZAR Price on Application

Lydenburg, Sekhukhuneland, Mpumalanga
ZAR 450,000

Alicedale, Karoo, Eastern Cape
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Jeffreys Bay, Eastern Cape
ZAR 13,500,000

Port Elizabeth, Cacadu District, Eastern Cape
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Noordhoek, Cape Town, Western Cape
ZAR 6,000,000

Green Point, Cape Town, Western Cape
ZAR 3,000,000

Underberg, Drakensberg, KwaZulu-Natal
ZAR 1,850,000

Drakensberg, KwaZulu-Natal
ZAR 640,000

Hillcrest, Durban, KwaZulu-Natal
ZAR 1,269,000

Sandy Bank Bay, St. Kitts, Caribbean
ZAR Price on Application

Constantia, Southern Suburbs, Western Cape
ZAR 850,000

Clapham, London, United Kingdom
GBP 275,000

Boksburg, Johannesburg, Gauteng
ZAR Price on Application

Wakkerstroom, Drakensberg, KwaZulu-Natal
ZAR 545,000

Port Elizabeth, Garden Route, Eastern Cape
ZAR Price on Application

Somerset West, Helderberg, Western Cape
ZAR 2,300,000

Kidds Beach, Sunshine Coast, Eastern Cape
ZAR 720,000

Country Guest Lodge in Beautiful Breede River Valley

Villiersdorp, Boland, Western Cape
ZAR 5,900,000

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ZAR 750,000

Gordon's Bay, Cape Town, Western Cape
ZAR 599,000

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ZAR 7,400,000

Jacobsbaai, West Coast, Western Cape
ZAR 495,000

Potchefstroom, North West
ZAR 390,000

Stellenbosch, Winelands, Western Cape
ZAR Price on Application

Kavango Zambezi Transfrontier Conservation Area, Botswana
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Lephalale, Limpopo
ZAR Price on Application

Development Project on Prime Beachfront Location

Hout Bay, Cape Town, Western Cape
ZAR Price on Application

Wellington, Winelands, Western Cape
ZAR 500,000

Melkbosstrand, West Coast, Western Cape
ZAR 3,900,000

Amanzimtoti, Durban, KwaZulu-Natal
ZAR Price on Application

George, Garden Route, Western Cape
ZAR Price on Application

East London, Eastern Cape
ZAR Price on Application

Benoni, Johannesburg, Gauteng
ZAR 620,000

Bela-Bela, Waterberg, Limpopo
ZAR 535,000

Kruger National Park, Mpumalanga
ZAR 1,300,000

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