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Erwin Rode on Prospects for Property (Cape Town presentation)

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Erwin Rode on Prospects for Property (Cape Town presentation)

  1. 1. Moneyweb Seminar Radisson Waterfront 6 October 2011 Erwin Rode www.rode.co.za
  2. 27. <ul><li>The American locomotive has run out of steam </li></ul><ul><li>Expect below-average economic growth in SA for many years to come </li></ul><ul><li>Residential property is still overpriced </li></ul><ul><li>Shopping-centre cash flows will remain under pressure, especially the smaller ones </li></ul><ul><li>Nationally, quality non-residential properties are moderately oversupplied but not overpriced </li></ul><ul><li>Taking a 3-year view, listed funds’ distributions will decelerate to … say, 4% p.a. and a negative rerating may take place in tandem with long bonds </li></ul>

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