John Loos Quotes (11 Quotes)

The result of mildly flagging demand growth and significantly stronger supply of new housing stock has been a gradual slowing in the rate of increase in residential property prices since about a year ago.

I hadn't expected much to happen on this front. It is positive for the housing market and it will be mild stimulus for house price growth.

Commercial property, on the other hand, has the more positive outlook.

This could potentially leapfrog the city past the others in terms of life quality and establish it as a world-class city.

If you look at building plans passed, there is still positive growth for residential property development and a lot of this activity is the flats and townhouse market.

It's still a fairly good story the long-term boom will continue for some time.

Economic factors in the other three metros will play into Port Elizabeth's hands in the coming years.

Household borrowing is a lot more sustainable than people think.

It is time for taxes to be more aggressively cut in order for the tax burden as a percentage of gross domestic product to decline to below 25 percent in line with the Gear Growth, Employment and Redistribution strategy.

Already we have seen a decline in office and industrial property vacancies and strong economic growth is bound to eat further into the vacancies. This should drive strong new development going forward.

The slowing growth is reflective of a slowdown in the pace of growth both in house price inflation, as well as more recently a decline in the inflation rate in the total value of buildings completed.