The performance of Nedbank Corporate Property Finance as announced in the Nedbank Group’s interim financial results shows that the business has maintained its market leadership position despite the lingering challenges of the economic downturn

With the global credit crisis and the continuation of sovereign bail-outs, it appears that uncertainty remains the only certainty. And coupled to low economic  growth, global interest rates are set to remain at historic low levels for longer than was thought perhaps only a few weeks ago. Similarly for SA, we can expect the low interest rate cycle to ride for a little longer which is ultimately good for direct and listed property. Pointing to mortgage advaces, some are suggesting that rates will in fact come down further

The past five years have been tough, with the building trades entering a sharp decline from 2007 and then finding themselves in a protected recessionary trough. Confidence of building contractors remain at low levels, with building plans passed, buildings completed and transfer duty paid also remaining near cyclical lows