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Top propertywheel.co.za News

Residential Property Market’s Recovery Driven by Sustained Decline in New Housing Stock – Property Wheel

Residential Property Market’s Recovery Driven by Sustained Decline in New Housing Stock – Property Wheel

100% Center coverage: 1 sources
Residential house price growth accelerated in May 2025, primarily driven by the middle-to-upper priced segments while growth in the lower-priced segments was stable. According to FNB Economist, Siphamandla Mkhwanazi, the market’s recovery can be primarily attributed to supply contraction – the sustained decline in new housing stock, in alignment with weak sentiment and economic conditions. Year-to-date, the volume of newly completed homes is dow…See the Story
AFRICAN HOTEL DEVELOPMENT GROUP AND ALEPH HOSPITALITY IN LARGEST HOTEL MANAGEMENT PORTFOLIO DEAL IN THE REGION
Real Estate · Benin

AFRICAN HOTEL DEVELOPMENT GROUP AND ALEPH HOSPITALITY IN LARGEST HOTEL MANAGEMENT PORTFOLIO DEAL IN THE REGION

100% Center coverage: 1 sources
Aleph Hospitality to assume operations of 26 Onomo Hotels on 1 September CAPE TOWN, South Africa, June 18, 2025 /PRNewswire/ -- African Hotel Development, the leading African lifestyle hotel group, real estate developer, and owner of the ONOMO brand, has entrusted Aleph Hospitality with the management of 26 ONOMO-branded hotels across 14 African countries. This strategic move is fully in line with African Hotel Development's business realignmen…See the Story
Reside Summit 2025 Returns to Johannesburg - Catchwords
Johannesburg · Johannesburg

Reside Summit 2025 Returns to Johannesburg - Catchwords

The countdown has begun for the highly anticipated Reside Summit, set to take place on 9 and 10 July 2025 at the Sandton Convention Centre, Johannesburg. Read more...See the Story

Hyprop reports y/y growth in tenant turnover and trading density – Property Wheel

Hyprop Investments has published its operational update for the five months ended 31st of May 2025, reporting year-on-year growth in tenant turnover and trading density of 7% and 10.2% respectively. The REIT’s retail portfolio performed better in April and May 2025 due to the public holidays with foot count having increased by 0.1% while collections were 9.4% higher. As at the 31st of May 2025, Hyprop’s retail vacancies were 3.9% primarily due t…Cape Town · Cape TownRead Article

Property brokers point to a ‘stutter’ in commercial sales activity levels in Q2 2025 – Property Wheel

Combined results from the Q2 2025 FNB Property Broker Survey regarding business confidence and sales activity have pointed to a broad perception of the investor market environment having weakened when compared to Q1 2025. All three major commercial property markets i.e., retail, office, and industrial, saw a decline in sales activity ratings when compared to Q1 2025, while industrial property sales activity remained perceived to be the strongest…South Africa · South AfricaRead Article

Above-average rainfall severely impacted the construction industry in Q1 2025 – Property Wheel

Findings in the Afrimat Construction Index (ACI) for Q1 2025 are an accurate reflection of the government’s lack of willingness to spend on economic assets, says Dr Roelof Botha, compiler of the index. “It should be a point of concern for South African policymakers. Following a sharp drop during the pandemic, the ACI recovered swiftly to within a whisker of its pre-Covid-19 level, but the recovery was them stymied by a combination of inadequate …Johannesburg · JohannesburgRead Article

Growthpoint starts construction on new Sandton Drive Link Bridge – Property Wheel

Growthpoint Properties has commenced construction on the R26 million Sandton Drive Link Bridge that will provide an easy and direct pedestrian route over Sandton Drive between Growthpoint’s The Place at 1 Sandton Drive office building and Sandton City shopping centre while seamlessly linking key locations within the hub. Engineered to be safe, durable, and maintenance free, the link bridge’s unique architectural design features an angular balust…Sandton · SandtonRead Article

AI in commercial property: SAPOA and legal experts explore promise, pitfalls and prudence – Property Wheel

Artificial Intelligence (AI) is transforming the commercial property landscape but, as with any revolution, the excitement comes tempered by concern. This was the prevailing message at SAPOA’s Gauteng Networking Breakfast co-hosted with Cliffe Dekker Hofmeyr (CDH) under the theme ‘Revolutionising Commercial Property: Harnessing AI for Success.’ The session offered a nuanced exploration of how AI is reshaping due diligence, lease abstraction, and…Property · GautengRead Article

Flanagan & Gerard and Sun International to Develop GrandWest Mall in Cape Town

In keeping with the team’s commitment to economic development, local contractors and materials will be used wherever possibleMaryland · MarylandSee the Story

Franschhoek fetches record prices, in record selling time, to foreign buyers – Property Wheel

Foreign buyers currently account for around 32% of high-end residential property sales in Franschhoek says Jawitz Properties. According to Mandy van Jaarsveldt, Jawitz Property Agency Manager for the Franschhoek, Paarl and Wellington region, properties priced between R18 million to R30 million are in high demand among European and UK buyers with some estates selling for up to R150 million in discreet, off-market transactions. Jawitz is also witn…Franschhoek · FranschhoekRead Article

Closure of Joburg’s Metro Centre limits access to building plans and town planning records – Property Wheel

The City of Johannesburg says its Development Planning Department is facing significant challenges following the closure of the Metro Centre in Braamfontein due to structural defects identified in a technical report, with physical records for property development, compliance, and legal processes having been temporarily locked inside the premises. According to a press release issued by the municipality, the Development Planning Department recentl…Johannesburg · JohannesburgRead Article

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