In a recent note, we indicated that, in the “post-lockdown” recessionary period we would likely see the direct economy-related pressures being more severe on the Industrial Property Sector, via a very weak.
In a downturn, Property Market Values can deviate dramatically from the market “equilibrium” value, a value which can be far lower than market in recessionary times due to strong resistance by the market to dropping values to make the sales.
As in the case of the buying/selling market survey, brokers perceive the most buoyant conditions to be in the Industrial Rental Market.
Sub-1% economic growth insufficient to curb vacancy rate rise and unlikely to prop up real property values at recent levels'.
On a year-on-year basis, Total Restaurant, Catering and Take-Aways Retail Sales Income growth recorded 5.2% in September.
This week’s SARB interest rate decision not expected to change property market conditions meaningfully.
Today’s October CPI (Consumer Price Index) showed a slight acceleration in its year-on-year inflation rate, from 4.9% in the previous month to 5.1%.

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