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However, the very top-end properties remain in short supply and have maintained their rental levels, buoyed by the multi-nationals and the Aid and Diplomacy sectors. The office lettings market in Dar es Salaam witnessed considerable activity over the past year, with the prime developments of International House and 50 Mirambo Street maintaining full occupancy. However, the investment yield in the CBD of Lagos Island differs from that of Victoria Island, which hitherto was a high profile, low density residential neighbourhood, currently being extensively taken over by commercial uses. The prime investment yield is in the region of 5-6% in Lagos Island compared to 4-5% in Victoria Island.Read More

Buyers must hire skilled property appraiser or valuer
Mexico, which remained relatively unscathed, is forecast to see growth of around 5% this year, while Brazil, the region’s largest economy, and Argentina are forecast to show growth of approximately 3% this year. Meanwhile, prime office yields in Buenos Aires are expected to fall in the medium term as Argentina’s investment risk improves and more investment product comes onto the market. Read More

This earlier frenzied activity was instigated by the REITs’ buying spree, which proved to be unsustainable given the dramatic drop in their share prices last year. The uncertainty in the market in late 1998 caused a slight increase in overall property yields as well as office yields over the past quarter. Read More

Conscientious Property Valuations solutions at lowest prices
The IMF has suspended US$53 million of support funds and inflation is currently running at about 50% with interest rates to match. The economy is unlikely to see any recovery before next year. In Harare and Bulawayo, to protect their rental incomes from being eroded by rising costs, most landlords are now requesting net leases with higher annual escalations than previously.Read More

Valuers checked whole Property and Prepare Appraisal report
The Hong Kong government announced a target of 70% home ownership by 2007. This represents a huge improvement on the existing rate of 56% -- 74% home ownership in the private market and 37% in public housing. After the enactment of the first Trustee Act amendment on ‘prudent investor’ in Ontario, express clauses were still required because the Ontario government chose to exclude the delegation powers of the model Act. Read More