Rode’s property news
What is best: buy or let? This is an age-old question.
The growth in industrial rentals is slowly heating up, seemingly benefiting from the lagged impact of declining industrial property vacancy rates.
The Pretoria decentralized office market seems to be suffering from a combination of weak demand and overzealous development.
’Tis not yet the season for property investors to be jolly, as property fundamentals continue to stutter. This is the prognosis contained in the latest issue of Rode’s Report on the S.A. Property Market.
Even in the face of lacklustre demand for office space, uncertain economic conditions and jaded business sentiment, the number of committed new office developments is increasing steadily.
Set against the backdrop of moderate economic activity and floundering business confidence, non-residential property fundamentals continue to struggle. This is according to property economist Erwin Rode in the latest issue of Rode’s Report on the S.A. Property Market.
Despite favourably low interest rates, a turnaround in fortunes for stakeholders in the building-construction industry should not be expected any time soon.
For now, no sudden improvement in the demand for office space can be expected as key demand drivers are losing their vigour. This is the opinion of property economist Erwin Rode in the latest issue of Rode’s Report on the S.A. Property Market.
Property valuation firm Rode & Associates, has been honoured with top awards from the authoritative publication Professional Management Review (PMR.africa) in this year’s 2012 PMR.Africa rankings.
The most recent Absa House Price Index indicates that nominal house prices have now been contracting for three months year on year.
For the time being, no improvement in the demand for industrial space is discernible, as vacancy rates continue to move sideways.
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