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Monthly Archives: November 2020

Durban named largest hotel market in SA

Durban named ‘the strongest hotel market in SA’

Comparatively better domestic tourism demand in Durban has seen JSE-listed Tsogo Sun Hotels stick to its plan to reopen the historic 111-year-old Edward Hotel, despite the group already having a significant presence on the city’s beachfront. Group CEO Marcel Von Aulock tells Moneyweb the hotel reopened on Monday, becoming the fifth property the group now operates along the Golden Mile. He says it has …

Pandemic Affects Nigeria Housing Boom

Pandemic interrupts Nigeria’s housing boom

2019 was a great year for Nigeria’s housing market, with demand rising by double-digit figures. Property listing inquiries surged 72%, according to a year-end report by Nigeria Property Centre. However due to the pandemic, demand suddenly slowed this year. Job losses and salary cuts have prevented many from renting better apartments or purchasing new homes, note PropertyPro.ng. Estate Intel confirms that “many payment plans …

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