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South Africa

South Africa Reduces Lockdown and Is Open For Tourism

As pandemic-induced restrictions continue to affect travelers around the world, it’s heartening to hear news stories that suggest international travel might be soon making a return. Though such stories are few and far between, one such story has emerged in the past day in the form of South Africa. Africa’s third most visited nation, South Africa has recently moved to lockdown level 1 – …

Ghana Lands Commission

Ghana Lands Commission to Digitize Records

The Lands Commission has completed digitisation of its manual land records of four land districts in the Greater Accra Region. The exercise, which was done in collaboration with the Office of the Vice President, aimed at fast-tracking land title registration, searches, site plan preparation and other essential documents by the public. The pilot digitalisation process started in 2019 in parts of Accra and would …

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 …

Ghana Real Estate Agency Regulation

Regulation of Real Estate Agency Services will rid Ind...

Dr Jonathan Zinzi Ayitey, a Senior Lecturer, Kwame Nkrumah University of Science and Technology, has stressed the need for the regulation of real estate agency services to rid the industry of fraud, laundering of illegal income, and tax evasion. He said appropriate regulation would minimise the effect of the vices on the national economy and enhance the international image of the country. Dr Ayitey …

South Africa Real Estate Market Mortgage Rebound

SA Property market rebound Sees Home Loan applications...

There are early signs that the property market is rebounding sooner than expected, as the pent-up demand wave ends and the appetite for home loans grow. Property is certainly more accessible following five successive repo rate cuts since January. With the drop in the prime lending rate from 10% to its current historic low of 7%, many South Africans are finding a footing on the property …

Real estate market Africa COVID

Planning is more important than prediction for Africa’...

An understandable response to the economic fallout of Covid-19 is for governments, industries and businesses trying to predict the path that the global economy will take in the coming months and years. However, given that this is a challenging exercise at best, it’s probably a better investment of valuable time and effort to ponder the many lessons – some very hard to swallow – …

Real Estate Aug 05, 2020 0 Continue Reading
Rent vs Buy SA

South Africa: Low 7% interest rate and downscaling tre...

The exceptionally low interest rates, are opening up the residential property market to buyers who previously did not qualify for bonds. Following the latest interest rate cut, purchasing real estate has never been more enticing. At the current prime lending rate of just 7%, homeowners can end up spending less on their monthly bond installments than they would in rent. Downscale due to pressure Applicant …

Lagos Housing

Nigeria: How to make 300,000-unit housing scheme succe...

Following the National Economic Council (NEC) approval of the construction of 300,000 mass housing units in all the states of the federation and the Federal Capital Territory (FCT), major players in the built environment have submitted proposal on how to make the scheme successful. The scheme is part of the Nigeria Economic Sustainability Plan by the Vice President Yemi Osinbajo-led Economic Sustainability Committee, estimated …

Most-Liveable-Cities-scaled

Pandemic disruptions an opportunity for Africa to reim...

The need for social distancing and better sanitation could leapfrog African city development into a more sustainable future. This is according to Duncan Bonnett, Director Market Access & Research at Africa House, and research partner of exhibition organiser Messe Muenchen South Africa, who says that while Africa’s architects and planners have long been pushing for greener, smarter better designed urban spaces, the Covid-19 pandemic …

Real Estate Jul 02, 2020 0 Continue Reading
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