Rode’s property news
The latest issue of the Rode’s Report has brought into question the practicality of the current Sectional Titles Schemes Management Act (STSMA). Legislated in its new form in 2016, the Act is felt to be overwhelmingly one-sided and biased towards managers, trustees and compliant owners.
Latest Rode’s Retail Report forecasts continued slow retail sales growth in the face of rising inflation and interest rates
In spite of the challenges of the past two years, the retail property market managed to recover reasonably well in 2021, according to the latest Rode’s Retail Report 2021:4. However, the report also notes that real sales, that is after inflation, during the first eleven months of 2021 still remained slightly below the pre-pandemic levels of 2019.
The prospect of rising local interest rates from 2022/23 onwards does not bode well for house prices over the medium term. “We believe the upcycle in global interest rates has already begun”, says Erwin Rode, property economist, in the latest Rode Report on the SA Property Market.
The normal short-term factors that drive house-price inflation are economic growth (real growth in disposable household income) and interest rates, as both affect affordability
The following report appeared on 16 March 2019 in the English version of the Greek newspaper Kathimerini.
The house market is not a global market like commodity markets. Thus, if house prices in Cape Town are cheap relative to Melbourne, potential buyers of houses in Melbourne do not flock to Cape Town, thereby pushing up prices in Cape Town.
Investing in flats used to have the advantage that vacancies were as a rule extremely low. Not anymore.
Property valuers Rode & Associates has once again been recognised for its outstanding expertise in property valuation.
The Cape Town-based company received a total of six Diamond Arrow awards, representing 1st overall in each of six categories. In a seventh category it achieved a Golden Arrow award.
Following its recent annual national survey on property valuers in South Africa, PMR.Africa has recognised Cape Town-based property valuers Rode & Associates with seven awards, including the coveted Diamond Arrow Award (1st overall) in the four categories of Commercial & Industrial, Residential, Retail and Agricultural Valuations.
Worldwide, the tertiary or services sector of the economy — manned to a large extent by knowledge workers — is growing much faster than the manufacturing of goods (secondary sector) and the production of raw materials in the primary sector (agriculture and mining).
City of Cape Town Spatial Development Frameworks, 2012 and 2018: Evaluating the approach to spatial planning
Erwin Rode and Berchtwald Rode contemplate the last two 5-year Spatial Development Frameworks (SDFs) of the City of Cape Town and identify differences in the approach to spatial planning.