Rode’s State of the Property Market
State of the property market in quarter 4 of 2003
On the whole, conditions in the non-residential property market seem to be improving. Evidence of this can be found in the continued decline of standard capitalization rates as well the healthy office take-up recorded in especially the decentralized office nodes. However, by the end of 2003, there was still no recovery in the real rentals of office and industrial buildings.
State of the property market in quarter 3 of 2003
Finally! Non-residential property appears to be over the worst. The best evidence of this can be found in the decline of standard capitalization rates in quarter 2003:3, which was noticed for all non-residential property types, except industrials.
State of the property market in quarter 2 of 2003
On average, the majority of our non-residential property indicators for quarter 2003:2 still pointed to a market under siege. As for residential property, house prices were still firmly nestled in their upswing, whilst real flat rentals were consolidating.