Viruly Consulting

Browsing Archive: October, 2010

PROPERTY IN A DOUBLE DIGIT VACANCY RATE OFFICE ENVIRONMENT

Posted by Viruly Consulting on Wednesday, October 13, 2010,

The  vacancy rate is probably the closest that the property market has to a coincident indicator.  The recently published SAPOA vacancy rates suggest that the South African office market remains weak and that rentals will remain under pressure in 2010.

Of the twenty Johannesburg nodes measured by the SAPOA only six nodes showed an improvement in vacancy rates in the past quarter.  These include Bedforview, Constantia Kloof, Houghton, Melrose and Randburg.    But in general the conditions ...


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A YOUTHFUL PROPERTY MARKET ON STEROIDS

Posted by Viruly Consulting on Wednesday, October 6, 2010,

The Dubai property has a seen a decade of phenomenal growth, with the amount of commercial and residential space more than doubling every year.  Easy finance, the availability of land, and a conducive regulatory environment provided the steroids for a property boom. But, things changed in 2009. Approximately half the planned projects have been put on hold and estimates suggest that there is sufficient stock to meet take-up for the next decade.

While this slow down can be blamed on the global ...


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