John Loos Growth Quotations

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.

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.

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.