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Rode’s property news

Retail sales bad news for retail property

The growth in retail sales has been losing steam for some time now, with the figures for May 2008 revealing that real sales (actual volumes of sales) were down by nearly 4% on the same month a year earlier.

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Johannesburg decentralized impresses

While the South African economy may be taking strain on all fronts, a ray of hope can be seen in office rentals in the decentralized regions of Johannesburg, which have continued to fare well, according to property economists Rode & Associates.

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The next seven biblical years

This time last year, things looked rosy for South Africa; the country’s top economic experts were forecasting robust growth of around 5% per annum.

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Building industry should not bear brunt of energy crisis

Property economist Erwin Rode of Rode & Associates has strongly condemned Eskom’s decision earlier this year to impose a six-month moratorium on all new medium- to large-scale construction projects across both the residential and non-residential markets.

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The house party is officially over for now

There is much debate currently among property experts, with one camp predicting a continuing downward spiral for the foreseeable future, while the other maintains the current scenario is a bump on a road that will soon head skywards once again.

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Cap rates under pressure

Although survey results from the last quarter of 2007 do not yet show it, capitalization rates for non-residential properties are more than likely under pressure at the moment, says Erwin Rode of property economists and valuers Rode & Associates.

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How will the electricity crisis affect property?

Prior to the recent paralysis of the mining industry, most South Africans probably did not fully appreciate the extent of the country’s electricity problems and the implications they hold for the economy — and hence the property market.

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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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