Rode’s property news
Banks’ hesitancy pulling down house prices
For now, near-term prospects for the beleaguered housing market remain bleak; this as weaknesses in the residential mortgage market are likely to persist.
In search of a silver lining
Dark clouds remain fixed over the building-construction industry as non-residential building activity is now also contracting.
Health returning to industrial property
Industrial property is showing signs of a recovery with vacancy rates seemingly levelling off and rentals once again showing growth.
Contracting demand explains sticky office-vacancy rates
The take-up of office space remains feeble for now, explaining why vacancy rates are still stubbornly refusing to drop.
Steady renewal of optimism in commercial property market
March 30, 2011; Johannesburg: First National Bank and property consultants Rode and Associates today launched a report on the country’s property market that shows a gradual return of cautious optimism in the office and industrial sectors of the property market.
Industrial rentals still drifting lower
Despite still drifting lower, industrial rentals in the major conurbations managed to end 2010 on a better note.
Houses should not expect further help from Reserve Bank
No help for the ailing house market can, for now, be expected from lower interest rates.
Office rentals continue to manage growth despite strong economic headwinds
According to the latest Rode’s Report on the SA Property Market (quarter 2010:4); office rentals were able to muster some growth, even against the headwinds of a slowing economy.
A bitter pill for a struggling industrial property market
Disappointing, although not entirely unexpected, was the waning in overall economic growth in the third quarter of 2010.
New homebuilding prospects waning again
It is easy to understand why building activity tends to track house prices. It has to do with demand and supply, and the profit margin of developers.
Steady vacancies signal slight reprieve for office rentals
The latest Rode’s Report on the SA Property Market reveals that the upward march of office vacancies is seemingly losing momentum. This, says editor John Lottering, holds out hope for office landlords that market rentals will soon stabilise.