According to South African sources, the Commercial Property market is recovering faster than anyone thought possible.

However the return on commercial property has been in the positive range of 13%, “We have not witnessed the rapid re-pricing of real estate that is being experienced elsewhere, certainly not on the same scale. Property fundamentals are still coming through quite strongly. However, it is important to bear in mind that the inflation-adjusted total returns, at 1,3%, were modest compared with the average annualised real return of 9,3% over the last 14 years,” said IPD South Africa MD Stan Garrun, who spoke last week at the SAPOA/IPD Property Index launch 2009, in Johannesburg,

In an uncertain world that it quite a vote of confidence. Given the strikes and local temporary shut downs, you could think this was unfounded, however the 2010 engine is still driving forward and with rumours of a new larger project involving transport in the western cape circling within provincial and government circles worth in the region of R80Billion (£6Billion).

On the rest of the industrial and commercial properties, the news  is positive news and a great way to start the Q3.With the strikes having been resolved the new bus rapid transport system back on track, with the stadiums to due to be handed over to the LOC by year end the situation is looking good.

“Last year’s performance was led by the industrial-property sector, which recorded 18,1% total return, followed by offices with 14% and retail at 11,1%.

Income returns for industrial and offices were 9% and 9%, respectively while retail provided 7,8% to produce the all property average income return of 8,3%.

The strength of capital growth differed more widely across the sectors. Industrials led the way, returning 8,4%, followed by offices, at 4,6% and retail, at 3,1%, to produce an average of 4,4% compared to 17,5% last year.

All property yields moved out by 20 basis points over the 12 months, ending December 2008 at 7,7%.” source quoted : Dennis Ndaba,Engineering news

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Tags: 2010 world cup, a good time, Building a rental portfolio? What is a good time to be, call Chase Devonshire on 0207 740 1770 for your property, commercial, estate agents, estate agents registering four house hunters, Exclusive International Investment Portfolio, industrial, investment, profit, property, south africa, tenancy queries., Tradewinds Exclusive, visa

This entry was posted on Wednesday, July 15th, 2009 at 1:32 pm and is filed under Index. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.

Chase Devonshire now has a customised search engine site to make your work easier, use to find your properties and bookmark them too!

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This entry was posted on Saturday, June 27th, 2009 at 9:21 am and is filed under Index. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.

There have been three consistently good months of UK sales activity we are now witnessing more competitive bidding and occasional gazumping.

“We are also witnessing the same symptoms as we did when we came out of the last recession in the early 1990’s. Firstly, with the London market and activity picking up initially and then rolling out to the Country and secondly, the middle market reviving and the top end remaining problematic. When house prices started to fall in 2007, it was the mainstream market that was hit first and the top end (£3m +) continued to perform well until March 2008. The top end is now behind the curve and continuing to suffer, which has happened in every previous recession – and it is the mid-market that is beginning to recover”. – according to a leading property blog

Contact ChaseDevonshire today to list, sell or manage your property.

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ChaseDevonshire now has a new initiative, get the properties from the Chase Devonshire International Property Listings from Flickr.

Zehlendorf is Berlin’s wealthiest district. The apartments have been refurbished to a very high standard. The beauty of this investment is that first, it is done on the German way, all squared with absolutely no shadows of any kind. You can buy an investment property in the best areas of Berlin, with 10 years premium package including 4% net-net yield for the next 10 years 10 years facility management 10 years rent management 10 years payment into sinking found 10 years repairs and maintenance With a range of properties between 64.000 euros and 230.000 euros, you can really choose the best for your situation. There’s an option of mortgage directly with a German bank for 50% of the all price (guaranteed with the rent income for 10 years). Have a look at the website www.chasedevonshireproperties.com

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Fantastic investment in a prime location of Berlin. Vineta Art-Carree is located in Prenzlauer Berg, which is the most fashionable district of Berlin. in a 1930 building entirely renovated at a high standard. Perfect investment for private investors including: 10 years guarantee for rent, maintenance and modernization. 100% freehold ownership. The beauty of this investment is that first, it is done on the German way, all squared with absolutely no shadows of any kind. You can buy an investment property in the best areas of Berlin, with 10 years premium package including 4% net-net yield for the next 10 years 10 years facility management 10 years rent management 10 years payment into sinking found 10 years repairs and maintenance With a range of properties between 64.000 euros and 230.000 euros, you can really choose the best for your situation. There’s an option of mortgage directly with a German bank for 50% of the all price (guaranteed with the rent income for 10 years). have a look at the website www.chasedevonshire.com for properties

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This entry was posted on Saturday, November 15th, 2008 at 12:48 pm and is filed under Index, Property Management. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.