03.04.2013 - South Africa: Record returns for SA property market
South Africa's property market showed its highest return in 2012 since the 2008-09 global financial crisis, according to the SAPOA/IPD South Africa Annual Property Index released in Johannesburg last week. The index showed that the country's property sector delivered a 15.2% total return last year, an increase on the 10.3% return in 2011. "A real divergence in the market has occurred," managing director of IPD South Africa, Stan Garrun, said in a statement. "We have seen a good turnaround for retail and industrial properties, [but] concern remains over the health of the office sector, as evidenced by high vacancies particularly in the inner cities...............................................Full Article: Source
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