31.03.2011 - South African property market begins recovery in 2010, says IPD
South Africa’s commercial real estate market returned to double-digit annual performance last year, with a 13.3%, bouncing back from 2009’s eleven-year low of 8.8%, according to the SAPOA/IPD South Africa Property Index. The headline total return is still dominated by the income component, which was 8.9%, while capital growth was 4.1%. After 18 months of little-to-no capital growth, confidence and fundamentals began their recovery over the second half of last year, during which period the bulk of the year’s annual capital growth was delivered.............................................Full Article: Source
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