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Property confidence index dips
Property confidence index dips Business Day Reporter BUSINESS confidence in the commercial property market has taken a slight downturn, according to the latest commercial property confidence index released by commercial property website eProp. The index showed a net balance of 24%, with zero being neutral, compared with 49% in February and 51% last August. The research is based on a survey of commercial property companies in July and August. These companies included private, listed and institutional investors and managers predominantly having a national footprint and with a collective value of property under ownership, control or management of more than R86bn. EProp research director Marc Schneider says the outlook for industrial property is “marginally” the strongest at 27%, followed by offices (26%) and retail (19%). |
Posted on Wednesday, August 16, 2006 (Archive on Wednesday, August 23, 2006)
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