Property market shows ‘signs of life’ in some areas

THE property market is not dead as there are encouraging signs evident in the commercial and occupier sectors.

That is according to property consultants CB Richard Ellis (CBRE), which said despite “all the doom and gloom” there was an increase in transaction volumes in recent months in some sectors of the property market.

It predicts there will be a “meaningful improvement” in transaction volumes in the investment and occupier sectors in the third quarter of this year.