Grayprop interim results for the six months which ended on March 2003 were in line with expectation, showing no growth from the same 15c declared for the same period last year, according to the latest Provest property roundup.

THE year past was a tough one for the South African property sector but, with the recent strengthening of the rand and the likely four percentage point drop in interest rates before the end of 2003, the bull run in Cape property, halted in November 2001 when the rand began its downward spiral, is now again gaining momentum.