Quotes by John Loos

“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.”

“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.”

“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 is essential for Durban to expand its industrial capacity.”

“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.”

“Household borrowing is a lot more sustainable than people think.”

“I hadnt expected much to happen on this front. It is positive for the housing market and it will be mild stimulus for house price growth.”

“They are now catching up. There was no commercial activity, while the (former white) suburbs were becoming mixed use areas which is why they became popular.”

“I dont think there is need for panic. If there are to be restrictions, it will be mildly negative for the property market. Foreigners are not big players in the domestic market.”

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