Historically the home or property development market in South africa has been vibrant. But when the current world economic slump began to take be patient in September 2008, it drained the confidence coming from many investors and marketplace nose-dived along with general economy. But with the signs of economic recovery beginning to take hold again, what prospects are there for an increase in the industrial property area?

When industrial and commercial property prices reached a fabulous low, it signaled two things. Firstly that the market was severely depressed and was likely to keep that means for several years, but that the bottom of the trough are already reached understanding that the best out, was up. Together with market having stabilized at its new low, it meant that the glut of distressed properties that had been pouring in had stopped, and together with laws of supply and demand in operation, with the excess of supply far outstripping demand, prices remained depressed.

However, tackled . 12 months has seen the indications of recovery developing in the commercial sector, along with property prices still artificially low, this has begun to stimulate demand, as property development speculators are one again sensing the opportunity of making good short to medium term returns on new investments.

Office properties in particular are one among the current optimistic outlook on life. With economic forecasts being positive, albeit slow-moving, and prices being the small sum of they are, now is a good time to buy. As confidence returns to the economy, kent ridge hill residences possibly new letting agreements is rising and properties are again beginning to move, introducing a slow but steady rise in prices and rates. Is usually forecast that this trend continues slowly but surely, depleting the supply surplus may eventually trigger a new bout of property development taking venue.

Current thinking is until this may well lead a good industrial property boom in 2014/15. Certainly with regarding long gestation period kids developments to come to final fruition, the process needs to be kicked off now. Feasibility studies, surveys, finance – all things should be in place before actual construction can start to be fulfilled.

All buying this has grown a very positive time for property development. Industrial property investors have every reason to cautiously optimistic, as the short to medium term prospects are looking very positive, and it is now time to speculate and invest.