Airplane South Africa is stalling and the passengers are getting edgy. No, there is no panic yet as the oxygen masks haven’t dropped from the ceiling. But property investors should be wary.
Over the past few decades the tertiary (services) sector of the SA economy has been growing in relative importance – as has been the case in the developed world. Anomalously, this has happened in a country where inexpensive labour should have driven the secondary sector (manufacturing) – as in Asia. The anomaly can perhaps be explained by the fact that since the 1970s, our labour has gradually become too expensive relative to Asia, and on top of that entrepreneurs have seemingly lost their appetite for risk-taking in a country where investment horizons are becoming shorter and shorter on the back of rising macro risk.
25 May 2015
Property valuation firm Rode & Associates, has been honoured with top awards from the authoritative publication Professional Management Review (PMR.africa) in this year’s 2015 PMR.Africa rankings. The company received the Diamond Arrow Award in the Retail Valuations, Residential Valuations and Municipal Valuations categories; the Golden Arrow Award in the Agricultural Valuations and Specialised Valuations categories; as well as the Silver Arrow Award in the Commercial and Industrial Valuations category.
At the end of last year, house prices in Cape Town and Bloemfontein were accelerating, while the exact opposite was happening in Port Elizabeth – this according to the latest Rode’s Report on the SA Property Market.
Notwithstanding passable growth in house prices during 2014, the likely direction of real prices in the medium term is still south. This is the opinion of Erwin Rode, property economist and professional valuer at Rode & Associates.
Smaller houses are showing the strongest growth — this according to the latest Rode’s Report on the SA Property Market.
The annual Real Estate Investor Conference will be jointly hosted by Rode and REIM this year and will take place in September in Johannesburg, Cape Town and Durban. Whether you are a beginner or seasoned market participant, Rode and REIM bring together the latest world and SA trends, education and thought leadership on real estate and investment.
Rode-REIM Real Estate Conference 2014 to address opportunities and challenges facing the property market
With the month of July already underway, now is the time to note the following events which will be taking place in September 2014:
A few premier office nodes in some of the country’s major cities are showing decent growth – this according to the latest Rode’s Report on the SA Property Market.
The valuation of a substantial track of developable vacant land with the potential for township establishment poses special challenges to property valuers. This is so because no two such properties are identical.