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Rode’s property news

Prognosis for property market remains weak

’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.

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Property in the doldrums

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.

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Key drivers of office demand losing their oomph

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.

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About booms and busts

The most recent Absa House Price Index indicates that nominal house prices have now been contracting for three months year on year.

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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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