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Struggling South African property market sees some hope in retail and industrial sectors

Posted on 10 October 2012

Only retail and industrial are showing a glimmer of hope in South Africa’s struggling property market. The office sector is hurting the most. That is the most recent analysis published in the South African Biannual Property Indicator, a research tool of the South African Property Owners Association and the Investment Property Databank (SAPOA/IPD).
Stan Garrun, managing director of IPD SA, reports retail property in the first half of this year returned the top capital growth rates at 1.7%, along with solid 3.7% rental growth and strengthening occupancy rates. Vacancies in the sector improved from 6.0% to 5.7% over the first half of the year………………………………………..Full Article: Source


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