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Property

Property price correction strengthens

Ignatius Chivasa, the managing director of Ashley Properties, said though gradually adjusting, the market was still quoting “wayward prices”  that are out of sync with both their real value and international rates, which sagged as local prices surged.Properties in Europe and North America have lost more than half…

Sad war that nobody wins

It’s a bitter lesson in how environmentalists and developers must still learn to work together. The applicant is developer Robby Wray’s company Wraypex, which has created the Blair Atholl golf estate on 600ha northwest of Johannesburg, between the Cradle of Mankind, the Renosterspruit conservancy and Lanseria airport. The…

Byo to get new hotel

Hawkflight has won several tenders from the council in the last few months.Last year it was awarded a contract to build 185 houses in Pelandaba West. It says it has built more than 1 000 houses in the Cowdray Park area.The proposed hotel is on a two-hectare plot…

The rich buying into Mozambique

South Africans’ visits to Mozambique tended to be more from those “roughing it”, backpacking, biking or staying in basic, simple accommodation. Today however, Mozambique is attracting the well-heeled at the upper end of the economic scale — those who share the desire to get away to an idyllic,…