JSE-listed South African-focused REIT Gemgrow Properties  today announced its interim results for the six months ended 31 March 2019.

In the week ahead, the South African Reserve Bank (SARB) Monetary Policy Committee (MPC) will meet to deliberate on interest rates from the 26-28 March, and FNB expects it to leave its policy Repo Rate unchanged at 6.75%.

After falling to 29 in 2Q2018, the FNB/BER Building Confidence Index was unchanged in 3Q2018.

Amidst serious political turmoil, the South African property market ended 2017 on a better footing, with industrial property and flat rentals managing to outpace inflation.

Since 2015, Cape Town flat rentals have been outperforming their peers strongly, but are taking a breather for now, only growing by 4% over the past year.

When developing investment strategies, institutional investors in private real estate tend to rely on market-level performance data.

For now, the current cooling in the growth of retail sales volumes and contracting import volumes do not bode well for the demand for warehouse space to rent, and consequently market rentals.

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