 | | Market Moves | Tuesday 27 October 2026 |
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| Today’s lead story  Despite affordability pressures, ooba’s Q3 data shows house prices rising 5% annually, improving bond activity and the strongest bank discounts since 2009. |
| | REI Live webinar this Thursday |
| Thursday 29 October 2026 | 12:00–13:00 | Live online  Why are investors increasingly looking towards Paarl and the surrounding Cape Winelands? Join Nick Morgan, CEO of Opportunity Private Capital, and Esteani Marx, Head of Real Estate at Lightstone, for a practical discussion on the region’s property fundamentals, investment demand and emerging opportunities. We’ll explore the drivers of growth, the investment case and opportunities being marketed with targeted annual returns from 14%, while examining the associated risks and assumptions. | | Property is holding firm, but investors must be more selective South Africa’s property market is showing resilience despite a tougher economic environment, higher borrowing costs and renewed inflationary pressures. The latest Q3 2026 figures from ooba Home Loans offer encouraging evidence. House prices have increased by approximately 5% year-on-year, home loan applications are improving and competition between banks is delivering some of the most attractive lending discounts seen since 2009. But there is another side to the story. The repo rate stands at 7.25%, prime lending at 10.75%, and annual consumer inflation reached 4.5% in September. Rising fuel and operating costs continue to place pressure on households, businesses and property investors. What does this mean for investors? It means opportunities remain, but careful selection and disciplined financial planning are more important than ever. In residential property, focus on sustainable rental demand, realistic yields and affordability. Negotiate financing aggressively, but don’t allow an attractive bond rate to disguise an overpriced investment. In commercial property, watch where capital is moving. Dipula’s proposed R2 billion acquisition of Moolman-linked retail assets, alongside new developments by Abland and Rapfund, illustrates continued investor interest in convenience-led retail and well-positioned community assets. The Western Cape also remains a market to watch. This Thursday, our REI LIVE webinar examines why investors are looking towards Paarl and the Cape Winelands, the fundamentals supporting the region and the assumptions behind targeted investment returns. Meanwhile, the expanded REIT framework creates new possibilities for insurer-owned property portfolios, although tax efficiency will depend on careful structuring. My advice this week is simple: invest in fundamentals, not forecasts. Test your cash flow, understand your financing costs, examine tenant demand and build a margin of safety into every transaction. Property remains a long-term wealth-building asset, but in this market, informed decisions will separate sustainable investments from expensive mistakes. Enjoy this week’s edition, and I look forward to seeing you online on Thursday. Neale Petersen Founder and Editor-in-Chief, Real Estate Investor Independent Property Intelligence Since 2007 |  | | Six stories moving property this week |
| Listed property | Retail The Competition Commission backs Dipula’s R2bn acquisition of nine Moolman-linked retail properties, paving the way for a major expansion of its national portfolio. Discover more | | Industry leaders | Growthpoint From near liquidation to a R160bn property giant, discover how Norbert Sasse’s landmark deals, leadership and resilience transformed Growthpoint over 25 years. Read the exclusive feature | | Community schemes | Governance From unpaid levies to parking disputes and poor governance, CSOS reveals why conflicts escalate and how trustees, managing agents and owners can prevent them. Read the full article | | Retail | Development Fully let from day one, Abland’s new Blue Downs retail centre brings leading national brands to a growing community of 1,800 planned homes. Read more | | Retail | Cape Town Rapfund’s new Pinelands retail development secures Checkers and Dis-Chem as anchor tenants, strengthening convenience shopping in Cape Town’s growing retail market. Find out more | | Listed property | Regulation New REIT rules allow insurers to convert qualifying property subsidiaries, unlocking potential tax benefits while introducing complex financial and compliance challenges. Read more | |  Spear REIT CEO Quintin Rossi reveals what’s driving stronger distributions, strategic acquisitions and Western Cape growth, and whether the best is yet to come. | | Six signals shaping your next property decision Residential House prices rise as banks compete ooba’s Q3 2026 data shows annual house price growth of approximately 5%, with home loan applications rising 2.1% quarter-on-quarter. Bank lending discounts reached an average of prime minus 0.83% in September, offering qualified buyers improved negotiating opportunities. | Rentals Rental growth supports income, but costs matter PayProp’s Q2 2026 Rental Index places average national monthly rent at R9,715, with annual rental growth of 5.2%. Stronger rental income is encouraging, but investors must still account for levies, maintenance, vacancies and tenant affordability. | Commercial Convenience retail attracts investment Dipula’s proposed R2.043 billion Moolman-linked acquisition, Abland’s fully let 8,000m² Blue Downs centre and Rapfund’s Pinelands development highlight investor and developer interest in accessible retail destinations. Tenant quality, trading performance and sustainable footfall remain critical. | REIT & listed property Income growth meets volatility South African REITs returned 1.6% in September, while sector distribution growth reached 11.09%. However, the wider listed equity market experienced a difficult month. Investors should distinguish recurring income growth from short-term share-price movements. | Development & finance Borrowing costs remain elevated With the repo rate at 7.25% and prime at 10.75%, financing costs remain a central consideration for developers and buyers. The new insurer-owned REIT framework also creates potential restructuring opportunities, subject to stringent tax and compliance requirements. | Economy & inflation Watch the cost squeeze September CPI inflation increased to 4.5%, while the rand is trading around R16.63 to the US dollar as at 26 October. Higher energy, transport and financing costs could continue to affect construction budgets, operating expenses and household spending. |
The investor signal: The opportunity is real, but so is the need for discipline. Prioritise assets with sustainable demand, dependable cash flow and realistic financing assumptions. The strongest investments will be those that can withstand higher costs without relying on optimistic rental or capital-growth forecasts. |
|  | | REI Live Masterclass with ALSA | Cape Town |
|  Wednesday 18 November | 09:30 for 10:00–12:00 | In person IEASA offices, 10 Howard Studios, Sheldon Way, Pinelands, Cape Town Ready to become a property developer? Discover ALSA’s development opportunities, learn the process and meet the experts who can help turn your ambition into reality. Free event. Limited seating. | | The numbers behind your next property decision Interest rates. Inflation. The rand. Bond affordability. Rental growth. Listed property performance. Get a quick view of the economic and property indicators shaping borrowing costs, investor confidence and market opportunities.  | | Property events | Connect, learn & get ahead |
| The conferences, conversations and webinars worth putting in your diary. This week 27–29 October Cape Town Explore sustainable buildings, investment performance and the future of the built environment. View convention details | 29 October | 12:00 | Live online Register now |
|  | | The smartest investors don’t chase the market, they understand it There is a temptation in every property cycle to follow the headlines, chase the next hotspot or assume that rising prices guarantee investment success. But sustainable wealth is rarely built on excitement alone. It comes from buying the right asset, in the right location, at the right price, supported by reliable income, sensible debt and a clear investment strategy. South Africa’s property market continues to present opportunities across residential, retail, listed property and development. Yet the difference between a promising opportunity and a successful investment is the quality of the decision behind it. Don’t just ask how much a property could make. Ask what could go wrong and whether the investment still works. That is where smart investing begins. Quote of the week “Great property investments are not built on speculation, but on sound fundamentals, disciplined decisions and the patience to create lasting value.” Neale Petersen, Founder and Editor-in-Chief, REI |
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REI, 10 Howard Studios, Sheldon Way, Pinelands, 7405, Cape Town, South Africa.
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