V&A Waterfront makes R965m for Growthpoint Properties
The group said its like-for-like net property income increased by 10.6%, supported by increased tourism, higher footfall and improved retail performance.
News
Follow to see every story about this in your feed.
3 213 stories from 13 South African publishers, refreshed through the day. Every story is the publisher’s own — read it on their site, talk about it here.
Showing matches from The Citizen. Clear
The group said its like-for-like net property income increased by 10.6%, supported by increased tourism, higher footfall and improved retail performance.
But experts warn that the market is overheated.
Buyers over 60 are now spending an average of R2.4 million on a home.
They are presently leased by the group on an arm's-length basis.
Foreign buyers in the Western Cape tend to purchase property for lifestyle and leisure, while those in Gauteng participate in the property market alongside local buyers.
Property is still a good investment, but not for the reasons many South Africans think.
With repayments limited to just the interest for the first two years, the prospect of buying your own home can move from being a 'one day' dream to a 'right now' possibility.
The number of youths buying houses has declined from 72 000 in 2014 to 47 000 in 2025.
Lower interest rates have boosted home-buying activity, with the BetterBond Home Loan Index up 21.8% since the low point in the fourth quarter of 2023.
Dispossessed homeowners are set to pack the Joburg High Court this month, as banks defend the sale of their properties.
The City of Tshwane has confirmed that it has no immediate plans to levy property rates at the appropriate punitive...
Billions in investment and major infrastructure upgrades drive renewed investor confidence across the province.