Offshoring is proving to be a powerful growth engine for South Africa with its influence already visible on the property sector and set to expand in the coming years. Offshoring is the relocation of business operations or services to another country-has become a key part of many companies’ global strategies. Jasmine Araujo, the senior manager for Financial Services and Commerce for Robert...
While the South African real estate sector has not been insulated from the various macroeconomic challenges, the sector has shown notable resilience. This was as this year got off to a volatile start with significant movements across global markets, shifting geopolitical dynamics, and ongoing volatility driven by persistent macroeconomic headwinds. Despite global pressures, South Africa's real...
The South African property sector has breathed a sigh of relief as National Treasury has decided to reverse the proposed 0.5% hike in Value Added Tax (VAT), maintaining the current rate at 15%. This pivotal decision helps avert additional financial strain on consumers in a challenging economic landscape, said Adrian Goslett, CEO of RE/MAX of Southern Africa and chairman of the Real Estate Business...
Europe’s luxury property market remains a resilient and lucrative haven for South African investors who grapple with a weakening rand and seek stable, high-growth assets abroad. In a historic transaction that has sent ripples through the global luxury real estate market, Italy Sotheby’s International Realty recently facilitated the sale of one of Sardinia’s most prestigious properties for over...
The danger of a significantly weaker rand is that it leads to unchanged, or even worse, higher interest rates that will hurt homeowners. Professor Waldo Krugell, an economist from the North West University’s (NWU) Faculty of Economic and Management Sciences, told this publication that the volatility of the exchange rate is an outcome of all the policy uncertainties around international trade, as...
The local political uncertainty and mounting global trade pressure are proving testing to the commercial real estate sector in South Africa. The rand approached a historic low of R19.93 against the US dollar on April 9, before recovering to R18.97 by April 14. Simultaneously, the JSE All Share Index experienced significant volatility, dropping from 89,950.79 on March 31 to 82,485.81 on April 9,...
South Africa is fast becoming a sought-after film destination, offering production crews incredible scenery, a great climate, and affordability. With the Western Cape being the first choice for many in the industry, KwaZulu-Natal’s many assets are positioning the province as an attractive destination-with the KZN South Coast a prime location. According to Statista, in South Africa, the revenue...
While the recent announcement by the US to implement a 90-day pause on most tariffs has been met with optimism in various sectors, there will be ripple effects on the South African property market. The 90-day tariff pause provides temporary relief, but the overall effects of global trade policies on South Africa's property market are still complicated, says RE/MAX of Southern Africa's Regional...
South Africa remains one of the most affordable countries in the world to build a home, offering exceptional value compared to many global property markets. For prospective homeowners and investors, this presents a unique opportunity to secure land and build in a new development without breaking the bank. Reece Daniel, developer of eco-focused estate Serenity Hills, said SA offers some of...
Embedded in South Africa’s current and future property challenges is the issue of affordability. Lesego Diale, the marketing and communications manager at the Social Housing Regulatory Authority (SHRA), said the problem is further made pronounced by the municipalities forever increasing utility rates which directly impact the social housing target market. “The other main challenges for the...
Compare listings
Compare