From Realestateweb.co.za: Bad debts, vacancies will rise, warns listed property company CEO of South Africa's commercial real estate sector.
In its annual report published today, chairman Anton Botha and chief executive Gerhard van Zyl say that although there are some indications that the worst of the downturn had already been seen, the property cycle lags the general economic cycle by between 12 and 18 months and the company was anticipating trading conditions to get worse before they get better........Full Article: Source
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