Rode’s property news
Since 2015, Cape Town flat rentals have been outperforming their peers strongly, but are taking a breather for now, only growing by 4% over the past year.
Despite of the poor performance of industrial stand values in the country overall, due to declining economic confidence, those in the East Rand and Cape Peninsula still managed to enjoy real growth in the second quarter of 2017.
Property valuation firm Rode & Associates, has been honoured with top awards from the authoritative publication Professional Management Review (PMR.africa) in this year’s 2017 PMR.africa rankings.
Property, whether directly held or listed, was the darling of South African investors over the past decade and longer.
Nationally, the growth in house prices continues to be undermined by its underperforming key drivers.
Property valuation firm Rode & Associates, has been honoured with top awards from the authoritative publication Professional Management Review (PMR.africa) in this year’s PMR.Africa rankings.
The Pretoria decentralized office market continues to suffer from the aftermath of overzealous development coupled with weak demand for space to rent. This statement especially applies to Centurion, one of its largest and most popular office areas.
For now, the current cooling in the growth of retail sales volumes and contracting import volumes do not bode well for the demand for warehouse space to rent, and consequently market rentals.
The leading business-cycle indicator continues to signal that even weaker economic activity should be expected, which bodes ill for the housing market.
Prime office vacancy rates in Cape Town decentralized are at their lowest level in more than seven years.
Prevailing weak and low levels of business sentiment are set to keep the demand for industrial space at bay, and the outcome of this will be continued moderate growth in market rentals for industrial space.
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