Banks remain cautious in home loan lending
In spite of the interest rate being at a 33 year low, banks remain very cautious in terms of granting home loans with all information submitted to them being thoroughly analysed to ensure the applicant’s affordability, says Kim Pistor, legal advisor and conveyancing manager for Rabie Property Group. Pistor said while it was relatively straight-forward […]
Property Administration : Meet the RPA Team
Rabie Property Administrators (RPA), a wholly owned subsidiary of Rabie Property Group, now has a portfolio under administration of more than R3,5 billion which is managed by a dynamic, multi-skilled team of 15. The team includes: Leigh Metcalf, a director Leigh started her career in the property industry in the United Kingdom with Prudential Property […]
Century City offices : Where are we in the property cycle?
Giles Balmer of Rabie Property Group shares with us his amateur’s guide to the commercial property cycle. Is the property market currently in a state of flux? Are we still in a recession? Are the banks still professing a recovery (yet their vaults are seemingly still bolted shut)? And are we still heading into double […]
Gatehouse at Century City proves to be runaway success
The Gatehouse, a 3000 square metre, triple-A grade sectional title office block on a gateway site at Century City, has proven to be a runaway success.
Sedica Knight of developers Rabie Property Group said 21 of the 23 sectional title offices in the three-storey office building had been sold while the two units retained by the developer had been let.
“Three of the units were sold to owner occupiers and the other 18 to investors who have been capitalizing on the current low interest rates.
Rabie Property Administrators’ portfolio grows to R3,5 billion
Rabie Property Administrators (RPA) has secured two new management contracts boosting the value of its portfolio under administration to more than R3,5 billion. The contracts include the Old Biscuit Mill in Albert Street, Salt River as well as Indigo Properties’ Cape Town CBD portfolio of eight buildings. In addition RPA has been awarded the management […]
Know your rights and obligations in sectional title schemes
Sectional title has become the most common form of property ownership in South Africa and it is imperative that property owners know their rights and obligations in relation to the sectional title development in which they are involved, says Kim Pistor, legal advisor and conveyancing manager for Rabie Property Group. Pistor says people often confuse […]
Cash buyers underpinning Century City market
Cash buyers have been underpinning the residential property market at Century City during the current downturn, says Rob Downey of Property World, the official on-site estate agency for Century City developers, Rabie Property Group. He said over 50% of Property World’s 120 residential sales at Century City during the financial year to end June had […]
Development constraints will push up prices
The development sector is going to be hard-pressed to respond rapidly to improved demand for new commercial or residential stock when the market picks up which will lead to stock shortages and an inevitable increase in property prices, warns Colin Green, a director of Rabie Property Group. He says the current downturn in the global […]
Century City rentals up by 15% to 20%
Demand for rental accommodation at Century City is outstripping supply and has resulted in a 15% to 20% growth in rentals in the past year, says Rob Downey, manager of Property World, the official on-site agency. He said they currently had around 170 rental properties on their books and a waiting list of would-be tenants […]
Century City residential sales up 150%
It’s official, the residential property has finally turned with sales at Century City up a staggering 150% for the year to end June. Allen Usher, managing director of Property World, the official on-site agency for developers, Rabie Property Group, said they had secured a total of 104 sales at Century City totaling R206million for the […]