Decline attributed to COVID-19 pandemic Botswana property market still restrained Two additional properties grow SA revenue BAKANG TIRO editors@thepatriot.co.bw Botswana’s
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Sector up more than 20% this year, after pandemic plunge of 35% in 2020. 00:01
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Sandton â SAâs financial hub and a major property node, seen from The Leonardo, Africa s tallest mixed-use building. Image: Moneyweb
South Africaâs real estate investment trust (Reit) or listed property sector surged in April, overtaking equities as the top-performing asset class on the JSE.
In fact, the recovery of the country’s listed property sector is topping the table globally at the moment, up just over 20% year to date (YTD).
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Some companies have started converting office blocks in Sandton into apartments. Will more follow suit as office vacancies are projected to reach a record high of 20%?
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Clockwise from top left: Seattle, Boston and New York City (Photo Illustration by Kevin Rebong for The Real Deal)
Real estate prices in the U.S. have risen at a steady pace since the last recession, and even a pandemic didn’t slow things down much in 2020, according to a new report. But your mileage may vary depending on the asset class you’re interested in.
Real Capital Analytics’ US National All-Property Index ended 2020 up 7.3 percent year-over-year, with a late surge following a mid-year slowdown. Growth was particularly strong for industrial and multifamily properties, which rose by 8.8 and 8.3 percent, respectively. Office prices rose by just 1.5 percent, and retail prices fell 4.3 percent