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S.Africa: Market outlook still bullish for commercial property

Posted on 15 February 2013

Property investors and developers are upbeat about the prospects for the South African commercial property sector this year despite expectations by analysts and property professionals that the market will remain sluggish.
Gary Palmer, the chief executive of Paragon Lending Solutions, said the retail property sector was expected to grow, with a number of retailers wanting to increase exposure. The industrial sector was likely to remain stable but the office sector was not expected to recover soon, he said. Paragon had witnessed a surge in clients looking for funding for growth, indicating clients were more positive going into this year than last year………………………………………..Full Article: Source


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