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Property News

Industrial rentals still going nowhere


For the time being, no improvement in the demand for industrial space is discernible, as vacancy rates continue to move sideways.

Booming Sandton leading the way


There are early indications that the grade-A office market might be staging a recovery. The rally is being led by bellwether Sandton CBD, which showed phenomenal rental growth of 16% in the fourth quarter of 2011.

Building-construction industry in the throes of stagflation


Not only does the building-construction sector remain in the doldrums, it is now apparently also entering a period of accelerated inflation.

Houses overvalued by 25%? A rejoinder


It appears estate agents and house investors and other stakeholders in the housing market have experienced serious anguish and denial following the launch of Rode’s Report (quarter 4 of 2011) on 26 January 2012. At the press conference at FNB’s offices in Fairland, Johannesburg, I stated that houses were fundamentally overvalued by at least 25%; furthermore, that house prices will, as a consequence, decline in real terms over many years (unless one assumes a quick collapse like in the USA).

Moderately growing industrial rentals displaying slack demand


Disappointing for the demand prospects of industrial property must have been the recent moderation in economic activity.

Cement sales growing again, but still no light at the end of the tunnel


Despite sales of cement showing growth again, for the building industry there is still no light at the end of the tunnel.

Office demand still taking a siesta


For now, no improvement in the demand for office space is detectable, this according to the latest issue of Rode’s Report on the State of the South African Property Market (2011:3).

Relapse in business confidence to further retard office demand


For now, no improvement in the demand for office space is detectable, with vacancy rates in general continuing to move sideways.

Flat rentals outperforming house and townhouse rentals


Despite still showing mediocre growth — below consumer inflation — flat rentals are at least outperforming house and townhouse rentals.

Banks’ hesitancy pulling down house prices


For now, near-term prospects for the beleaguered housing market remain bleak; this as weaknesses in the residential mortgage market are likely to persist.