>> Featured Property |
|
Beautiful and secure 4 bedroom, 3 bathroom double storey house with great sea view in a well established area of ... |
| more info on property |
 |
Have a Guru find you a property (Free)
A Private Sale
Guru will hunt for properties, bargain a price and not just properties on www.noagent.co.za.
Apply Now!!
Have a Guru hunt for the best bond (Free)
A Private Sale
Guru will hunt for the lowest guaranteed bond and not just properties on www.noagent.co.za.
Apply Now!!
Have a Guru do whatever it takes to sell your property
Gurus simply have the buyers. A Private Sale
Guru will personally market your property and not just properties on www.noagent.co.za.
Apply Now!!
Featured South African towns for property; Johannesburg, Roodepoort, Krugersdorp, Randburg, Benoni, Boksburg, Sandton, Vanderbijlpark, Vereeniging, Camps Bay, Sea Point, Clifton, Hout Bay, Gordons Bay, Stellenbosch, Knysna, Plettenberg Bay, Mossel Bay, Durbanville.
|
|
|
Commercial property still a good bet
Articles about home loans / property in South Africa > Commercial property still a good bet
Despite difficult times in the property market in South Africa, fundamentals of commercial and industrial property remain strong.
"From an equity point of view, we are currently in an exciting space in the property market. Current market conditions provide property investors with good value for quality properties and auspicious investment opportunities in this sector," said Rob Wesselo, head of equity investments at Absa Commercial Property Finance on Wednesday.
He said the rental market was particularly buoyant in industrial and commercial markets, showing strong rental growth and high tenant demand.
According to Wesselo, rising development costs, shortage of serviced land has slowed the supply of new developments, leading to spike in rental income.
"In the last 12 months construction costs of building office blocks have increased by approximately 30% and developers are also faced with increased financing costs due to sustained interest rate rises," he said.
In addition, ten consecutive interest rate increases since June 2006 have caused commercial property prices to soften, resulting in repricing of assets.
"High interest rates and low property yields have forced many buyers out of the market in recent months resulting in a shortage of property investors. These factors, in turn, have provided equity opportunities for equity investors," .
Authored By: Wesselo
Published By:
I-Net Bridge
|
|
|
|
41313 current property buyers |
|
