Cape Town inner city property prices and rentals will be boosted by the R38 billion package to build support structures for the 2010 World Cup, a new report showed.
Released on Wednesday, the Trafalgar Inner City Report 2007 measured world understandings against South African inner city issues, effectively demonstrating universal approaches to universal problems.?
However, the office and retail accommodation investment generated the highest interest, with the residential drive having peaked at 3,500 inner city apartments and the pendulum returning to office accommodation.
Despite rentals touching R115 to R120 per square metre for A-grade office accommodation, Cape Town experienced "negligible" vacancy rates at 3%-4%, the report noted.
I-Net Bridge
Publisher: I-Net Bridge
Source: I-Net Bridge
