021 946 2480 info@rode.co.za

Rode’s property news

Flat rentals show strong growth

Limited rental stock in two cities has been cited as one of the reasons why flat rentals have shown a remarkable recovery over the past year. The latest Rode’s Report indicates a whopping 30% increase in rental growth for Port Elizabeth, while Durban is hot on the Friendly City’s heels with an increase of 20%.

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Window may be closing for property listings

It seems as if the window of opportunity for listing directly-held, non-residential property is closing fast. The reason for this is that unlisted properties’ market rating relative to listed property could further improve in months to come, and this will take some of the attraction of listing away.

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Directly-held property: let them good times roll

The tide seems to be turning for non-residential directly-held property, with capitalization rates continuing to decline (improve) in the last quarter of 2003. This confirms the turnaround noticed in the previous quarter, say property economists Rode & Associates in their latest quarterly Rode’s Report publication.

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Property-return expectations ‘unrealistic’

The property market’s expectations regarding the total returns it can earn on non-residential property are unrealistically high and out of touch with what can reasonably be expected in the present lower-inflation environment.

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Contact Lynette Smit on 021 946 2480 / 082 323 5799 or send an e-mail to lynette@rode.co.za.

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