According to Len Pears, Director of Quagga Property Brokers and long-time property stalwart, the property market is definitely on the up swing. "We have seen the economy bottom out and now to start tailing up, and the property market is following suit. I don't think we will see the same rapid escalation as in the past, but rather a steady contained growth," says Len Pears.

"Investors and developers have once again started venturing out into the market again after being very quiet for the past 2 years with the downturn in the economy. They are now cash flush and are enthusiastic about the market."

Len has found that smaller up country towns are producing great returns for investors, all the way from Cape Town to Knysna to Gauteng and Pretoria. "Not only are sales on the up and up, but industrial and commercial leases are again in great demand. I am very sure that any vacancies in office and industrial space will be grabbed up within the next 12 to 14 months," says Len.

In the past few months some of the properties that Quagga Property Brokers has sold include:

• Two buildings in Cape Town Centre, one over 1000 square metres in size and the other over 700m² sold for R14 million and R6 million respectively
• 12 townhouses in Knysna to a leisure client for time share use.
• 271 square metres of industrial space in Cape Town Centre selling for a record price of R3 million
• Two shopping centres in Swellendam for R2.1million and R4.3million
• The above properties sold are producing between 9.5% - 10.5% returns for the purchasers

For any advice or additional information please contact Len Pears on 08 28 28 28 58 or visit www.quaggapropertybrokers.co.za