Blog categorized as State of the Property Market

The following are significant findings or conclusions made in this issue of Rode’s Report: Capitalization rates could be peaking. Listed yields strengthen on back of stronger long-bond yields. The house market: Recovery or kaput in 2009? Cement sales remain in the red...

The following are significant findings or conclusions made in this issue of Rode’s Report: Capitalization rates’ tide turning. Office market continues to enjoy double-digit rental growth. Cooling industrial rental growth. Stalling house prices

The following are significant findings or conclusions made in this issue of Rode’s Report: Cap rates showing a weakening (increasing) trend. Office rentals continue to grow impressively. Real house-price cycle topping in...

The following are significant findings or conclusions made in this issue of Rode’s Report: Industrial-leaseback and shopping-centre capitalization rates feeling the pinch, but no need to panic yet. Vacant prime office space remains a rare commodity...

The following are significant findings or conclusions made in this issue of Rode’s Report: Higher risk brought on by electricity shock might soon be reflected in capitalization rates...

The following are significant findings or conclusions made in this issue of Rode’s Report: Cap rates’ mixed reaction to interest-rate hikes. Top decentralized office nodes show strong nominal growth...

The following are significant findings or conclusions made in this issue of Rode’s Report: Cap rates are tending south again. Johannesburg’s office rentals are leading the upswing on the back of low vacancies. Office-zoned stands have great investment potential...

The following are significant findings or conclusions made in this issue of Rode’s Report: Cap rates on an even keel. Double-digit income-stream growth for listed funds. Cape Town and Pretoria office markets battle to turn the corner. Industrial rentals still steaming ahead...

The following are significant findings or conclusions made in this issue of Rode’s Report: Cap rates take a breather. Listed property’s comeback. Office market accelerates but Cape Town still in doldrums. Industrial boom still on...

The following are significant findings or conclusions made in this issue of Rode’s Report: Cap rates putting on the brakes. Investors in listed funds wake up to fundamentals. Office rentals still haven’t taken off convincingly. Industrial boom far from over...

The following are significant findings or conclusions made in this issue of Rode’s Report: Cap rates resist threat of interest-rate hikes. Listed property’s recent blow. Office market’s vigour starts to show...

The following are significant findings or conclusions made in this issue of Rode’s Report: Capitalization rates and hurdle rates still falling. Listed property’s income yields surprise again. Real office rentals still battling to turn the corner...

The following are significant findings or conclusions made in this issue of Rode’s Report: Capitalization rates continued their decline. Leaseback escalation rates seem fair. Income-stream growth of listed funds holds key to future returns. Real decentralized office rentals continued to decline...

The following are significant findings or conclusions made in this issue of Rode’s Report: Shopping-centre capitalization rates take a breather. Income-stream growth drives listed funds’ prices. Nominal rental growth shows promise, but is still not close to beating building-cost inflation...

The following are significant findings or conclusions made in this issue of Rode’s Report: Capitalization rates for all property types are still declining, although office and industrial rates probably still have the most to shed...

Demand for industrial and office space continued to strengthen during the first quarter of 2005. However, the office market is still lagging the industrial market on some fronts. Even though house-price growth decelerated during the reporting quarter, it is still growing at an awesome rate.

On the non-residential front, the office market is still battling in places, but solace is to be found in the industrial property market, which is still in fifth gear. Anecdotal evidence suggests that the residential property market was still growing at a firm pace in the first two months of 2005...

All indications are that the focus will shift from residential to non-residential property over the next few years. Notwithstanding this, the residential property market is expected to lose steam only slowly. Hence, next year will probably be a good year for property all round.

Non-residential property’s market values increased further in the second quarter of 2004, driven mainly by the continued rerating of property by investors.

Conditions in the non-residential property market improved further in the first quarter of 2004, with the majority of property indicators showing that an upswing in real rentals must be close.