What a Week at REI!
It’s been an exciting week at REI, and we’re thrilled to share our latest highlights with you!
This week, REI reported live from the 3rd Edition of the Hospitality Innovation Summit in Dubai, held at the iconic JW Marriott Marquis. As a strategic partner, the summit was an outstanding success, drawing top players from hospitality, tourism, and investment sectors to explore Africa’s rapidly growing hospitality market. With vibrant networking sessions, insightful discussions, and the buzzing atmosphere, the event reaffirmed Africa's rising prominence in the global hospitality landscape. Huge thanks to GBB for hosting and to everyone who joined us!
On the Homefront, we’re also seeing promising signs for South Africa’s residential market after a tough 2024. Despite high interest rates and economic uncertainty, TPN Credit Bureau’s latest Vacancy Survey Report showed a positive shift, with rental vacancies dropping to 5.07% in Q3 2024, down from 6.72% in Q2—a hopeful sign for investors heading into 2025.
As we count down the days to the builder’s holidays, we’re also preparing for the closure of REI’s offices from Friday, December 13 until we reopen on Monday, January 13, 2025. We’ve put together The Ultimate Checklist for a Stress-Free Home to help you make the most of your holiday relaxation time—be sure to check it out!
And finally, we’re excited to unveil the December 2024/January 2025 edition of Real Estate Investor Magazine, now live and packed with essential insights as we head into the new year. Make sure you grab your copy for everything you need to know to start 2025 strong!
Wishing everyone a restful weekend ahead as we wrap up the week.
NEALE PETERSEN
Your Property Afficionado
