Civil confidence reaches eight-year high during Q3 2024

More than half of the professionals surveyed for the FNB/BER Civil Confidence Index Q3 2024 are ‘satisfied’ with prevailing business conditions – an eight-year high. While sentiment increased, the momentum of activity has eased, albeit still above the long-term average says Siphamandla Mkhwanazi, Senior Economist at FNB. “Respondents have been upbeat about work for the...Read More→

Financial pressure-related selling once again emerges in the commercial market

propertywheel.co.za - 02/Oct 07:50

Selling in search of better utilities and municipalities is no longer perceived as the key motive among commercial property owners with financial...

Emira Property Fund in a ‘happy space’ with where their half year results ‘will land’

propertywheel.co.za - 26/Sep 07:50

Emira Property Fund has updated investors for the five months ended August 2024, saying it’s ‘on track to achieve most of its objectives for...

‘Stock issues’ emerge as the biggest factor influencing near term sales expectations in the commercial sector

propertywheel.co.za - 30/Sep 04:20

FNB’s Q3 2024 Property Broker Survey has reported a significant increase in optimism on the future of sales activity within the commercial property...

Real housing prices around the world have ‘bottomed out’

propertywheel.co.za - 25/Sep 10:50

Miami’s housing market, followed by Tokyo and Zurich, have the highest ‘bubble risk’ according to the 2024 UBS Global Research Bubble Index...

Heriot REIT acquires Thibault, ups its stake in Safari Investments

propertywheel.co.za - 01/Oct 06:15

Heriot REIT has posted its financial results for the year ended June 2024, announcing its acquisition of Thibault. The company has entered into an...

Vukile’s township/rural assets signal strong trade performance and growth

propertywheel.co.za - 25/Sep 08:15

Vukile Property Fund says it is ‘comfortably on track’ to achieve at least its guidance for the financial year to March 2025 of growth in funds...

Burstone makes strides on expansion of its fund/asset management strategy

propertywheel.co.za - 26/Sep 09:00

Burstone Group has provided its shareholders with a pre-close trading update for first six months of its FY2025 financial year, having made...

Confidence in construction and engineering reached an 8 year high in the third quarter

dailynews.co.za - 25/Sep 13:59

Cape Town greenlights portions of Mowbray golf course for mixed-use development

propertywheel.co.za - 01/Oct 14:45

The City of Cape Town has greenlit the release of portions of the King David Mowbray Golf Course for mixed-use development to include affordable...

The Crazy Store opens its 500th store

propertywheel.co.za - 03/Oct 11:55

Value retailer, The Crazy Store, has recently opened its 500th store in Bayside Mall, Cape Town. Since launching in 1997, the brand has grown into one...

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