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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.

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).

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.

Erwin Rode contemplates the law of unintended consequences when inclusionary programmes are introduced in SA and comes up with some practical suggestions

Amidst serious political turmoil, the South African property market ended 2017 on a better footing, with industrial property and flat rentals managing to outpace inflation.