Property

‘The sector, in terms of sentiment, I would say has probably hit a low. Even looking at valuations, the discounts to net asset value are at the highest levels we've seen – at 40%-plus. So take out the Covid era or lockdown days, and this sector is probably at its cheapest levels,’ says the independent property boffin.

As cash remains king and trading densities hold strong in these markets.

Due to higher operating income from the group's home portfolio and lower finance costs.

'International tourist arrivals have already surpassed the 2019 numbers – the pre-Covid numbers – and we're not even into our high season yet’: Enver Duminy, CEO of Cape Town Tourism.

Commercial property body says it has reached out to key SA cities to begin a consultation process.

But warns the 2024 financial year could see a drop by a comparable margin, due largely to the impact of higher interest rates.

Following the 2021 July unrest in KwaZulu-Natal, the retail group that owns Edgars and Legit was forced to move out a month after moving in due to destruction caused to the warehouse.

‘What happened during the pandemic – that's where we all came to realise how important [domestic tourism] is in every country,’ says the operations chief of JSE-listed City Lodge Hotels.

But the average worker in Cape Town still forked out a shocking 52% of their salary for rental accommodation in 2022.

Sapoa and Calgro M3 launch separate high court applications.

The Covid-19 pandemic shook the Chinese travel industry, as it did the world’s.

Sales of homes priced above £1m have been on a tear since the pandemic.

China’s real estate boom had its origins in fundamental supply and demand.

Sends power from suburban retail property to office building on the foreshore.