Real Estate Archives - Page 4 of 5

3Mar

By Africa BusinessNo Comments

Property scams continue to rise at alarming rates

Investing in property is one of the biggest financial decisions a person is likely to make. New and increasingly sophisticated scams and incidence of fraud are on the rise and affect developers, buyers, sellers, estate agents, conveyancing attorneys, and other property professionals. “As property transactions typically involve substantial sums of money, they are a natural target for fraudsters. Tactics range from impersonating estate agents to intercepting emails with instructions on where to make payment for transactions as well as notices of change of banking details instruction, says Ryan Mer, CEO, eftsure Africa, a Know Your Payee™ (KYP) platform provider. While organisations like the South African Banking Risk Information Centre (SABRIC) have long warned consumers about vari...

13Jan

By Africa BusinessNo Comments

Real Estate

Your 12-step 2022 property investment plan

It’s a new year – 12 months lie ahead. With some discipline and focus you could be much closer to your investment goals this time next year – just follow our month-by-month plan. January It’s the start of a brand, new year, and the perfect time to make, and then, more importantly, keep your investment resolutions. Keep them simple, specific, and reachable, and then keep track of them throughout the year. February With February, comes thoughts of love and connecting to your partner. Investing also involves partners and they can make or break any deal you enter. Find like-minded partners who are considered experts in their field. Online investing platform Wealth Migrate CEO Scott Picken advises: “Look for real investment technology players who have actual real estate experience and start...

19Dec

By Africa BusinessNo Comments

Ghana News, Real Estate

Beaufort Properties and CityBlue announce two apartment projects in Accra

Award winning Ghanaian Real Estate Developer Partners with Africa’s Fastest Growing Local Hotel Chain, CityBlue Beaufort Properties, one of Ghana’s most experienced residential developers, based in Accra, announced on 8 December a joint venture with CityBlue Hotels, Africa’s fastest growing local hotel chain, owned by The Diar Group. Under a long-term arrangement, the two companies will build and operate two apartment buildings in premium locations in Accra. Pinewood Residences by CityBlue, will be a 30-unit development, in Airport Residential, Accra and Trinity Residences by CityBlue, will be a 25-unit development, in East Legon, Accra. Both properties, which are scheduled to open in Q4 of 2023, will be a combination of aparthotel and serviced apartments. Pinewood Residences by CityBlue...

17Dec

By Gil SperlingNo Comments

Real Estate, South Africa News

There are lessons in the US iBuyer Bubble Burst for the South African property market

By Gil Sperling, Co-CEO & Co-Founder: Flow The US housing market suffered a seismic shock last week when leading property listings portal Zillow exited its iBuying business after a $1 billion loss over the course of three years – and there are lessons in the move for the South African market. iBuying has been a growing trend over the course of the last three years, with companies like Zillow harnessing their knowledge of hundreds of millions of American homes and the areas in which they were situated and leveraging that data to make house flipping profitable at scale. iBuyers move quickly and offer home owners premium pricing, based on their predictions for the supply and state of the area – a real win for the owners in a globally-depressed economic climate. It turns out that Zillow...

7Dec

By Africa BusinessNo Comments

Real Estate, South Africa News, Startups

South African Proptech Flow Expands Reach Into Australia

API platform connecting real estate agents and social media users leverages significant growth on the continent to target global property market Flow, a proptech startup that enables real estate agents and developers to seamlessly advertise properties on social media, has announced that following consolidated growth in South Africa the company is launching in Australia. Flow’s move comes at a time when African proptechs are building scalable solutions with application beyond the continent more frequently than ever before, with strong reception from global markets seeing the viability of home-grown African businesses. Boasting 90,000 agents and a housing market value of $9 trillion, Australia offers a latent opportunity for Flow to change the way that people find places to live and wo...

28Oct

By Africa BusinessNo Comments

Events, Real Estate, South Africa News

JLL and Tétris Design and Build join forces to promote the growth of sustainable buildings

Organisations now see this as a critical decade for real progress to be made in decarbonising the built environment, according to JLL Global Research, requiring real estate to make complex changes in what will be a critical shift for the industry Sustainability is no longer just a buzzword. Climate change is the defining crisis of our time and there is a notable rise in public concern about this looming disaster. Sixty-four percent of people believe climate change is a global emergency, according to a recent survey by the United Nations Development Programme and Oxford University. With over half the world’s population believing the crisis requires urgent action, and 73% of investors saying that green strategies drive higher occupancy and higher rents, it is clear that the future of th...

1Oct

By Africa BusinessNo Comments

Real Estate, South Africa News

Clem Sunter and Wealth Migrate’s Scott Picken discuss scenario planning and its impact on the global and local property markets

Investors need to be aware of the red flags that bedeck the global economy and have the potential to derail the most careful preparation. This is the dire warning from scenario planner Clem Sunter, who is also the author of The Mind of a Fox and Thinking the Future. Wealth Migrate CEO Picken interviewed Sunter about the red flags to watch out for when assessing potential risks and opportunities as part of a recent exclusive webinar. The pre-recorded video of the webinar is now available and gives investors valuable insight into global and South African property investments as Sunter identifies the scenarios that could affect future investments. The webinar, which complements Sunter’s books, includes commentary from Picken, who has more than 20 years’ experience in the real estate indus...

22Sep

By Africa BusinessNo Comments

Real Estate, South Africa News

Low interest rates fueling property buying boom: Finder.com’s economist panel

59% of panellists say the property buying boom will last for at least another year 54% say the boom is negatively impacting the rental market 97% say the SARB will hold the repo rate this week South Africa’s property buying boom isn’t going to slow down anytime soon, according to Finder.com’s SARB repo rate forecast report. 59% of Finder’s panel say the boom will sustain itself for at least another year, with 30% saying the trend will continue until the end of 2022 and 29% saying it will last even longer. Meanwhile, just two panellists (7%) think the market will slow down by November. Alexander Forbes chief economist Isaah Mhlanga thinks the boom will last for another year due to the historically low repo rate. “House prices have declined during the pandemic and due to the re...

11May

By Neha KaulNo Comments

Real Estate, Tech

BACnet International Welcomes Netix Global B.V. as Newest Member

Building automation systems provider focuses on remote connectivity, seamless integration and future-ready technology The BACnet community is proud to announce that Netix Global B.V. has become the latest company to join BACnet International as a Gold member. Netix is a IoT and AI based advanced building automation systems provider. Their products and solutions include BAS/BMS, metering and energy savings, enterprise security and smart city integration. “Netix is a fast-growing company that would continue to be associated with bespoke and globally accepted testing bodies like BACnet International,” said Sanjeevv Bhatia, chief executive officer of Netix. “It gives customers and stakeholders the necessary confidence for ready acceptance, especially in newer markets.” Netix joins more than ...

26Apr

By GenslerNo Comments

Real Estate

5 Principles for Retail Center Repositioning

As we look ahead to a post-pandemic future, there’s one market segment that’s currently ripe for redevelopment and transformation: the traditional retail mall. With the massive transformation of real estate spurred by the pandemic, retail centers will emerge as one of the most valuable asset classes in a post-pandemic landscape, as building owners, investors, and developers look to reposition these aging, vacant, or underutilized properties — converting them into vibrant, mixed-use developments that will unlock latent value and meet consumers’ rapidly changing demands. CBRE Research predicts up to a 20% reduction in total retail real estate inventory by 2025, which will be largely triggered by large-scale adaptive reuse and conversion, particularly among Class B and C malls that have been ...