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The program has been welcomed in every way, and Cheshire Fitness welcomed us with open arms. Some kindergarten children have never even been to a pool, much less been in the water, It gives all of these kids a unique opportunity to learn not only how to swim, but water safety as well. Green says with the growing popularity of water sports in the area, all children should learn to swim and be safe around water by the time they are in kindergarten.

The whole Compensation Valuations course is considered as the most beneficial and essential method and this is the reason for making the official steps done with the full expertise skills. Diane Morris, an assistant teacher in Jackson’s classroom, says she has been impressed with the swim program.Swimming teaches this age group movement that they don’t get from anything else.Learning how to swim at the kindergarten age helps with swimming readiness.

This is the main reason for conducting the main steps in the reliable guidance of the expert property valuers who are always present in the property field for helping people. While each child is in the water, an adult holds and supports, giving the student the reinforcement they need to learn to swim on its own. Research shows that a child, who happens to go under water, can take in enough water in the first 10 seconds to produce the symptoms of drowning. The children are taught from the first day that swallowing pool water can be dangerous to their health.

This is the other way to face the correct steps done for the whole valuation of house purpose and do the permissible and accurate steps. If all the complicated steps get done in the accurate manner then the full procedure of valuation will easily calculate the right house price. Hunter Robinson, in Jackson’s kindergarten class, says the scariest part of the first class in learning to swim was overcoming his fear of drowning. Hunter Robinson, in Jackson’s kindergarten class, says the scariest part of the first class in learning to swim was overcoming his fear of drowning.

This approach would seem to be in line with the consultation announced by the Economic Secretary on the central themes of the Myners Report) a review of the reviews – Lord Hunt points out that the FSA is also conducting a review of “with profits”. He asks for the Chancellor’s assurance that there will be co-ordination between the two reviews so that the same ground is not repeatedly revisited.

Lord Hunt emphasises that this new review will be of clear significance to IFAs because they are the major distribution channel for many types of personal financial product. In his Budget statement, the Chancellor announced that he had accepted all the recommendations in the Myners Report. I have urged the Chancellor to review the current reviews before determining the terms of reference of an additional one into the personal finance area. We do not want overlap and duplication of what has either gone before or is being carried out now.

We hope that such a significant study will be conducted with high levels of transparency and consultation with all those affected, both in the industry and as consumers. We look forward to making a full and constructive contribution to the review and to co-operating fully with whoever is to undertake it. The Association of Independent Financial Advisers (AIFA) has today (7 March) questioned the Government’s endorsement of the Myners Report’s recommendation for a further review of personal investment products. click here for details : Valuations VIC

Surprisingly, the Myners Report strays into the area of personal finance when its primary concern is institutional investment and the evidence and representation to it came from that part of the market. The outcome is a call for a review of capital and information flows of personal investment products. This is ground which has been well covered before, most recently in the London Economics Report (July 2000).

It is simple to make your house usable, only you have to make a property valuation process on your house to find the house attributes which are important to note down and take actions when you feel that the particular area needs to get renovate or make it more improved. This is good news for Newark as it demonstrates the confidence companies have in the area and the development in particular. The new lettings further enhance the status of Brunel Park as the premier commercial location in Newark. Howdens Joinery is the latest of 177 MFI trade outlets in the UK and has provided five new jobs. "We wanted a presence in Newark to compliment outlets at Lincoln and Grantham and Brunel Park offered the ideal location.

To avoid loses and mistakes in your house Adelaide Property Valuers process you are required to perform the valuation process under the full guidance of the experienced property valuer. Segasby Design Consultancy has seen growth of 100% year on year for the last two years and needed room to expand. We also had to find space for our brand new £26,000 machine investment which allows us to do all our own cutting, creasing and embossing in-house.

And the experience property valuer has the capacity to solve complex issues and make the process go in the smooth ways and avoids the most complicated methods. We are now able to increase efficiency by concentrating operations at a single site. The building design has been modified by Lindsey to suit our needs and is insulated to a very high standard," added Mr Segasby. The new building provides room for further expansion and there is an option on a further 2500 sq ft unit which will accommodate planned expansion for the next 3 years.

Segasbys has created 4 new full time and part time jobs in the 3 months leading up to the move and plan to add another 6 by the end of the year. They now employ 15 full time staff plus 15 home workers. The new businesses at Telford Court join Kerry Foods, Linco and Willsons Printers and A Plant relocated to Lindsey's new design and build premises last year.

There is every type of persons involved in different types of fields their main aim is to work as per their field and earn for the same in it. The same is with the field of Sydney Property Valuers. The authorities opted for express busways rather than a transit or underground rail system, with five principal radial or spine routes accessing the city centre.

These are linked to other neighbourhoods and neighbourhood centres by a mix of local connecting buses and fast bus links. Within the Asia Pacific region, many major towns and cities have been developed at densities which are extremely high in comparison with Europe and the UK.TDA-style development around public transport nodes served by heavy rail, mass transit, tram and bus is common in Hong Kong, Tokyo, Seoul, Shanghai and Beijing.

There are different types of people involved in the field of valuation as well. People can get help of different people who deal in the process of evaluating things for other. And at the end when the work is completed they charge some sort of income which is known as their fees from the same.

This urban pattern/spatial framework is most often identifiable within the new towns, but can also be seen within the existing urban area, in particular along the HK Island Line and the New Airport MTRC Extension. Nevertheless, a number of examples of close integration between land use and transport planning are to be found, for instance in Melbourne, Sydney and Auckland.

The TDA concept has many advantages. As noted earlier, it is not overly prescriptive but instead can be applied in different ways that suit the circumstances of a specific development situation The concept can also be brought into effective operation within the framework set out by the current UK land use/transport planning system. Provide overall advice with regard to the relevant issues and concerns with respect to development control and the location/site specific aspects of the TDA approach,

More recently, however, increased interest rates and more restricted credit have led to a decline in rental demand for industrial space. In addition, investor confidence has been hit by the demise of Hyundai at the beginning of 2000 and of Halteck and Tex more recently.There is, nevertheless, considerable speculative development planned, which could create a shortterm oversupply situation.

The principal industrial estates in Gaborone are Gaborone West Industrial Area, which includes the recently developed Gaborone International Commerce Park in Kgale Hill, and the Broadhurst Industrial Area, which developed in the late 1980s. Rents currently range from P20 per sq m per month (US$3.60 per sq m per month) for smaller units of around 200 sq m to P14-15 per sq m (US$2.60- 2.70 per sq m) for larger units.

This has increased the supply of residential accommodation, particularly in the city’s periphery, and coupled with the advent of Sectional Title legislation which is due to become operational this year. Notwithstanding what ever proceed the way present Determine Market Value for Your Home as she in case he or she is the potential buyer. The best locations in Gaborone are Extensions 5, 9 and 11, lying immediately to the north and east of the city centre.

Most residential leases are for one or two-year terms with an option to renew for a similar term, sometimes at a pre-agreed increment of 10%.Residential rents and prices have increased by as much as 50% over the past two years, but have levelled off as a result of the recent increase in supply. The construction of a 7,000 sq m office block for Government use has created an oversupply of office space, particularly of secondary space.

Prime office rents, which have been flat over the past five years are currently P22- 25 per sq m per month (US$4.00- 4.60 per sq m per month). The recently opened 13,000 sq m Nzano shopping centre on the southwest edge of the CBD, has drawn the retail pitch slightly further south from Blue Jacket and Haskins Streets, which have been the traditional commercial heart of the city.

The growth of light industrial use in the city centre has recently been contained by the town planners, which has boosted the Dumela Industrial Area. With its recent transformation to a country of political and economic stability, and its fertile land and large supply of unexploited natural resources, Malawi is, as yet, a relatively undiscovered market with potential for high growth prospects. The manufacturing sector contributed 12% of the GDP in 1999, down from 17.5% in 1994. Commercial property transactions are therefore rare and property investments tend to be held long-term.

The main commercial centre in Blantyre lies within Victoria Avenue, Haile Selassie Road and Glyn Jones Road, with the main focus on Victoria Avenue.Recent development activity in Blantyre has been limited and has mostly been carried out for owner occupation.The two main developments are the recently completed 17,367 sq m Reserve Bank in the city centre and the 12,469 sq m Southern Regional Headquarters for the Government, located to the south of the CBD, which is due to be completed in June 2002.

As with a number of southern African cities, the Government is the largest occupier of space, occupying almost 90% of all office accommodation in Blantyre and Lilongwe. Demand levels in both cities are high and the absence of new development has strengthened the rental market. However, as a result of the kwacha devaluation, landlords are increasingly finding it imperative to peg rents to the US dollar, but for now, this remains an exception, with its legality uncertain.

With the release of Government occupied Malawi “The absence of new office development has strengthened the rental market.” Umoyo House, Blantyre Annual March 2001 Knight Frank – 9 space onto the market, rents for older secondary space are expected to drop. Service charges typically equate to 10-15% of the rental level. Rents in Malawi are, for the most part, quoted in the kwacha.

The main retail pitch in Blantyre is focussed along Victoria Avenue in the city centre, with secondary retail located around the streets to its east. In addition, the NICO shopping centre in the Old Town, completed in 1996, provides 4,118 sq m of retail space, anchored by PTC supermarket, a local supermarket chain. The retail sector remains the most active sector with high demand for retail outlets in both cities.

The development, due to be completed in late 2001, is 75% let and is to be anchored by Shoprite Chequers. The scheme is expected to saturate the retail market in Blantyre. Retail rents in both cities range from K250-600 per sq m per month (US$3.10-7.50 per sq m per month). Then again, individual property valuers ordinarily concentrated essentially upon the business examination approach.

Rents at Blantyre’s new shopping centre are pegged to the South African rand and range from R37 per sq m per month (US$4.70 per sq m per month) for the anchor tenant to R100 per sq m per month (US$12.80 per sq m per month) for smaller units.The main industrial areas are the Makata Road heavy industrial area and Ginnery Corner on the eastern edge of Blantyre, and in Areas 28 and 29 and the Kenango Heavy Industrial Area in Lilongwe.

Industrial space is currently letting at around K115 per sq m per month (US$1.40 per sq m per month) with K120 per sq m (US$1.50 per sq m) being achieved for units with good quality office space attached. The difficulty in both the purchase and the building of houses, resulting from the high mortgage rates, has led to stagnation in the residential market.

House sales are proving difficult, and the few sales that have taken place over the past few months have tended to be cash based rather than mortgage based. This move is expected to create a surplus of low density housing on the market and a higher demand for medium and high density housing. The rental market is dominated by properties owned by individuals and private companies.

Because of the uncertainty over the value of the kwacha, the rental market is characterised by short tenancies generally on yearly or two yearly terms, with tenants bearing the responsibility for all internal repairs and landlords being responsible for external and structural repairs, rates and insurance. It is the powerhouse that is driving the region, as a whole, forward.

Following its successful transition to democracy, the economy grew by an average of 3.5% between 1994 and 1996, before slowing to 2.5% in 1997 and 0.6% in 1998, as the economy reacted to the emerging markets’ crisis. 1999 was a period of recovery, which saw economic growth increase to 1.2% for the year. The country’s export base is predominantly accounted for by the minerals and mining sector, with gold contributing around 16% of export earnings, and diamonds and coal 11% and 5% respectively.

Headline consumer inflation has been dropping steadily over the past decade. Inflation is targeted to remain below 5% in the long-term, but a drifting exchange rate may undermine this objective. He normally considers the estimation of the properties sold inside few months around there for deciding your property's estimation.

Prime lending rates started a downward trend in 1997. The ruling African National Congress led by Mr Thabo Mbeki were one vote short of the two-thirds majority in the legislature, which was obtained by forming a strategic alliance with a smaller party. The Democratic Party made substantial gains in the election to become the official opposition in South Africa, but remains narrowly based.

In Cape Town, the city centre is still seeing considerable development activity, including the new Clocktower office development, a new international conference centre and the new Canal Tourism Precinct, although new development is shifting towards the city’s Foreshore and Waterfront areas.In addition, Century City, the mixed-use multibillion rand “city” development on a 250 hectare site lying eight kilometres to the north-east of the city, and incorporating approximately 300,000 sq m of office space, has drawn in a number of major corporate regional headquarters.

Investment in property has been undergoing a fundamental change over the past five years, shifting from institutions to smaller private investors. Institutions are now investing on a more selective basis while previously the investment market was predominantly a cash market, investors today are gearing their investments and consequently debt financing is becoming more critical.

More recently, lower interest rates and the highest level of business confidence in years have resulted in a rise in activity in the market. There are no restrictions on nonresidents investing in property in South Africa, but local financial assistance is restricted. Exchange controls on residents have been eased and the Government is committed to the phased removal of all remaining controls. If she attempts and fails, she has the most problems." how accurate are online home valuations?

The high interest rates and economic decline of 1998/99, resulted in an absence of speculative development over this period. The improvement in the economy has triggered a phenomenal amount of new development in dedicated commercial nodes across the main cities, specifically in Johannesburg’s northern suburbs, where large tracts of land have been rezoned from residential or agricultural to office use. However, it is questionable how long the situation will last.

The bulk of this new space is being developed on a tenant-driven, pre-let basis and is being absorbed by the pent up demand from 1998/99, as well as by tenants upgrading from older decentralised accommodation.

The accommodation market remains strong in most Queensland markets, buoyed by a lack of existing and proposed supply.It is expected value levels will be maintained for quality properties, with any deterioration in yields likely to be countered by revenue performance.

As a result, many buildings in the CBDs are now facing obsolescence, together with sharp falls in rental income and high vacancy rates. In a move to reverse this decline, various urban renewal initiatives have been set up. This is due to well documented fundamental market changes since January 2008 caused by rising interest rates; worldwide credit crunch and with pockets of oversupply of child care places. The result has been an apparent stabilisation in crime but the long-term impact remains to be seen.

In an additional show of confidence in the future of CBDs, a number of investors have turned back to this market. The downtown retail sector has suffered less than the office sector.

The parastatal Transnet recently purchased the Carlton Centre in Johannesburg’s city centre for R34 million (US$4.4 million) for use as its new corporate headquarters, In Durban, Old Mutual Properties are planning to embark on three major refurbishments on behalf of their clients, including an entire bank of shops on West Street, in a bid to create a vibrant, commercially successful retail environment.

Whilst also hit by high vacancy rates, a new pattern of retailing is emerging, with the market adjusting to cater for low income shoppers consisting mainly of office workers in the area. The property market, in particular the office sector, has seen rapid change across all centres in recent years, which has led to a locationsensitive market Sandton, lying 11 kilometres north of Johannesburg’s traditional downtown CBD, and already the city’s established financial centre, will be further boosted with the Johannesburg Stock Exchange’s move to its new premises in the area and with the completion of the Sandton Convention Centre.

However, with traffic congestion increasing and the relatively high level of rents in Sandton, a further trend northwards is now evident, particularly towards the N1 motorway. Fourways, 11 kilometres north of Sandton, is rapidly developing into the next major commercial and business node.

New development in Durban is shifting to the north-eastern part of the city, while decentralised office development is focused on La Lucia Ridge Office Estate, where a number of corporate head offices are being established. I comprehended that various people acknowledge that the expense of their property is being gotten from a set of characteristics that ranges from the valuation and merchant's evident quality.

While the current level of top quality supply is unable to meet growing occupier demand, there is a high risk of oversupply if new development continues at the current rate. Most decentralised office nodes in Johannesburg and Cape Town have seen vacancy rates rise over the past nine months. The gap between CBD rents and decentralised rents continues to widen. what is the cost of property valuation?

• Prime rents in other cities range from R70 per sq m per month (US$9.00 per sq m per month) in Cape Town to R65 per sq m per month (US$8.30 per sq m per month) in Durban and Pretoria.

• Prime gross rents in Johannesburg range from R90 per sq m per month (US$11.50 per sq m per month) (R70 (US$9.00) net) in Sandton, to R50-65 per sq m (US$6.40-8.30 per sq m) in decentralised areas, to R35 per sq m (US$4.50 per sq m) in the CBD.

Whilst the development of new shopping centres continues steadily across the country doubts are arising as to how much more supply the market can absorb and there is a danger that retail provision in the country may have reached saturation point. New supply has been increasing at a faster rate than disposable income over the past ten years and as a result, the retail sector is expected to see the deterioration of secondary centres.

As with the other sectors, the retail sector was hit by high interest rates and tight consumer spending in 1998 and 1999. Disposable income has consequently declined. Century City’s Ratanga Junction theme park, the first in Africa, which opened in late 1998, has been slow to take off and could be evidence of this follows along the lines of the US retail model, which places less emphasis on traditional anchor tenants.

Their refurbishment of Cavendish Square in Cape Town in 1998, which incorporated an element of shoppertainment, saw turnover increase by over 30% over the following year. Another key scheme was the recent redevelopment and extension to 105,000 sq m of Menlyn Park shopping centre in Pretoria. Future “shoppertainment” schemes include Old Mutual’s R1.4 billion (US$179 million), 127,000 sq m Gateway Shoppertainment World in Umhlanga near Durban, which is due to open in October 2001. Still in its planning process is Zonk’Izizwe, a mixed-use development by Old Mutual, incorporating a 250,000 sq m shopping and entertainment resort in Midrand.

On a larger scale, Monex’s Century City in Cape Town will provide development potential for over one million sq m of floorspace, incorporating retail, leisure, office and residential components, including the recently completed 121,000 sq m Canal Walk shopping centre which was over 80% pre-let .However, the recent turnaround in the economy has led to increased activity in the market, with take-up levels rising in 2000.

Industrial corridors are also emerging, most significantly between Johannesburg and Pretoria, as well as along major links to the coastal ports.The industrial sector, particularly heavy industry, has been hit by the general slump in the country’s manufacturing sector, which has out-priced itself.

The country’s industrial stock is concentrated into nodes, which are typically clustered around strategic points in the motorway network.

• As a result, rents and lease lengths are increasing, with leases of up to ten years becoming more common, reflecting the rise in business confidence. Another emerging trend is that of luxury leisure, entertainment and hospitality resorts, the largest of which is the vast R1.4 billion (US$179million) Montecasino leisure, entertainment and retail complex, incorporating the Palazzo InterContinental hotel, at Fourways and the R1.3 billion (US$167 million) Caesars Gauteng near Johannesburg International Airport.

The benchmark yields achieved for prime centers during 2007 appear to have plateau into 2008. While demand for specific units sizes varies considerably from location to location, there is a general undersupply of larger units across the market – as a result of high interest rates, the high rentalsrequired to make the developments feasible are not sustainable. Speculative development has been scarce, with most development being tenant-driven.South Africa continues to draw overseas purchasers with its high quality of life and value for money in its residential market.

Most overseas investors tend to be from Europe, with the number of purchasers from the United States increasing. Institutional interest in this sector is minimal. Zambia’s transition from one party to multiparty democracy in 1991 marked the beginning of an era of economic reforms. Obviously if your home estimation you will can settle on key decision about your property using property valuation and rates present and beginning there in the event that you have to make your home more worth then you should direct change side criticalness to make you house for all longings and reason dazzling.

After years of economic decline, the country is finally bearing the fruits of its stringent structural adjustment programme and appears to be at the stage of shifting from one of the poorest countries in Africa to one of the continent’s most promising emerging markets. Its privatisation programme has been a remarkable success and has created a stable base for industry; many multinationals whose companies were nationalised under the former Government have returned. And how to find property valuation perth cost

The much protracted privatisation of the loss making state-owned Zambia Consolidated Copper Mines was concluded in March 2000, triggering the release of withheld donor support and IMF funding, and is expected to boost investment sentiment as well as the weak manufacturing sector and ultimately the property market.With 80% of arable land unexploited and with the country’s favourable climate and adequate water supply, agriculture, including tobacco, coffee, horticulture and floriculture, remains a potential growth sector.

As part of the country’s economic reforms, all forms of controls including exchange controls, interest and foreign exchange rate controls and price controls have been successfully liberalised and the financial market strengthened through the launch of the Lusaka Stock Exchange in 1994.

The leasing of state-owned game lodges has boosted the tourism sector, with arrivals and revenue increasing by 23% and 14% respectively in 1999. The kwacha depreciated by 14.7% against the US dollar in 1999, compared with 64.6% in 1998. At the start of the year, it stood at around K3,900 to the US dollar and while it is expected to weaken further, an increase in capital inflows should moderate its decline. The bank base rate recently eased to 38%, with prime lending rates declining correspondingly.

Economic growth in 2000 is expected to have strengthened to 3.5%.Zambia is rich in mineral resources including copper, cobalt, precious metals and gemstones. However, its heavy reliance on copper exports – it is the world’s fourth largest producer of copper.

The population of Zambia is around 9.5 million. Lusaka is the capital city with an estimated population of 3 million. Land was considered to have no value and could not be sold in the open market only improvements on land could be sold, the value of which had to be determined by the Government Valuation Department. With the introduction of the 1995 Land Act, land was given value and could be sold even without improvements on it. Valuations now reflect both the value of land as well as improvements thereon. There are two categories of land in Zambia; state land which comprises about 6% of the country’s land and is zoned into residential, commercial or industrial use and land situated in customary areas which makes up the remainder of the country.

For instance, Manda Hill shopping centre was let on five-year US dollar-based leases with 10% annual increments and the option to renew for a second five-year term.Property values have consequently come down over the past three years. Few major developments have taken place in the past ten years and much of the current stock is dilapidated due to lack of maintenance. A second new shopping centre, Arcades, is under construction nearby.

Due to the diverse nature of the retail market, rents and lease terms vary considerably. Residential leases are generally for a term of one year, subject to renewal for a further term. Potential developments include a shopping centre and a 5-star hotel which have been earmarked for Kitwe and a Protea hotel development in Chingola. A US$55.8 million luxury hotel complex by South Africa’s Sun International group is currently under construction in Livingstone. The scheme, due to be completed in mid- 2001, is expected to act as a catalyst for further tourism-related development in the town.

GDP growth of over 5% was recorded in 1996/97 and the Zimbabwe Stock Exchange was judged as one of the best performers among the top ten emerging markets. The prime lending rate was around 65% in late 2000 but dropped to 40% in early 2001. Well-conducted property valuers for property investors who want to purchase or sell their property at auction. The growth rate tumbled to 1.5% in 1998 and -0.5% in 1999 and is estimated to decline further to -5.0% in 2000. Until the mid-1990s, property had proved to be an excellent hedge against inflation.

The Zimbabwe Government undertook a programme of economic reforms in the early 1990s, which were bankrolled by the World Bank and other international financiers and were aimed at removing exchange controls, price controls, import licensing and other bottlenecks, as well as opening up the economy to regional and international competition. Mr Mugabe is coming under increasing pressure to step down before the elections as he is seen as being personally responsible for much of the country’s economic problems.

However, the process of obtaining residence permits, required by non-citizens wanting to settle in the country, is not easy. Commercial leases are typically for a term of three years with the option to renew for a similar term.

Three major schemes, providing a total of over 34,000 sq m of new space, came onto the market last year, of which the most significant was Angwa City, owned by the MIPF and completed in May 2000.All three schemes are fully let with Ernst & Young having taken the whole of Angwa City. There are many such places in the European Union but according to Experts property valuer and those who have experienced such resorts, there is no doubt that spending time in some of the famous and highly popular beach resort villas of Cyprus is the best way to go about it.

In Bulawayo, the only new developments of significance over the past five years have been the Fidelity Centre and the recently completed 1,500 sq m Zimdef Complex in the city centre, both of which are fully let demand for rented office space has slackened and no major schemes are planned in the near future. Demand for rented office space has slackened and no major schemes are planned in the near future. The past decade has seen a natural westward expansion of Harare’s CBD.

Over the past few years, a number of blocks of flats and townhouses have been converted to offices, while another significant trend has been the refurbishment of older buildings. Vacancy rates in the office sector, in both Harare and Bulawayo, have historically been less than 2%, and new buildings have typically been fully let within three months of completion. Much of the Kopje area to the west of the CBD has officially been rezoned from residential to commercial use. However, the north-east part of the city remains the preferred downtown location. Retail provision in Harare’s city centre takes the form of high street shops or retail malls on the ground floors of office buildings.

The unauthorised use of residential properties for commercial purposes is piecemeal and is particularly significant in suburbs like Milton Park and Belgravia, immediately to the north of the CBD. The concept of office parks is well established in Harare and was initiated at Northridge Park in Borrowdale and followed by Old Mutual Gardens in Emerald Hill, both of which were developed as head offices for the occupying organisations. Prime retail rents in Bulawayo are Z$160 per sq m (US$2.90 per sq m).In Zimbabwe, the three major supermarkets are Bon Marché, TM Supermarkets and OK Bazaars.

Bulawayo has seen two recent retail developments of significance: the 16,000 sq m Bulawayo Centre in the CBD and the refurbishment of Ascot shopping centre, both owned by the NRZPF and catering for the upper end of the market. Most institutionally owned properties, typically high-rise apartments constructed in the 1950s, are consequently being sold off on sectional title schemes. At the same time, a large number of Zimbabweans who have recently emigrated due to economic uncertainty have retained their homes, thus becoming investors by default. The catalyst behind the change has been increasing interest rates and a volatile global credit market, with investors, who were leading the charge in 2007, now sitting on the sidelines.

The government is making efforts to diversify the economy in order to reduce dependence on mining through investment in manufacturing, tourism and services, in particular financial services. The result is a more difficult net profit position which has delayed investors with their investment decisions.

The current population of the Twin Cities approximates 150,000. This North Queensland region features: The North West Mineral Province - one of the leading mineral resource bodies in the world, The nationally dominant sugar producing districts of the Burdekin and Hinchinbrook Shires, The grazing districts from Charters Towers to Julia Creek; and * The strong performing Townsville Port.

Vacant land sales parallel dwelling approval statistics. With several major estates reaching the completion of their development life in 2002 and 2003, the market share of sales of newly developed vacant lots will be dominated by Townsville City over Thuringowa City in 2003/2004. Average value levels for vacant single residential sites have improved steadily over the past 6 years.

This has been more as a result of demand for higher quality sites than general price rises in the estates. The underlying demand for established homes in the Twin Cities historically ranges from 2,000 to 2,400 dwellings per annum. The calendar year 2002 saw over 3,000 established dwelling sales.

Over the past 6 years slightly stronger population growth has increased this underlying demand by 10%.The attraction for players in this market is its consistency. When you are planning to sell your home at auction, you must hire experienced and licensed property lawyers who will do all the process for valuations. Overall value growth has approximated 10% over the past 3 years, with the average value for an established home in the Twin Cities being $164,000. The depth of demand has been sufficient for value growth at the bottom end of the market as well as the inner city.The largest growth in sales activity in geographical terms has been in the Upper Ross where the average value in mid 2003 is $121,000.

The major feature of the residential market in the Twin Cities is its affordability. Townsville and Thuringowa now boast some of the best presented residential subdivisions in regional Australia.

Historically the Twin Cities unit and apartment market can support 275 newly constructed units annually.Approvals for 390 new units have occurred since January 2002. This is 5% below historical underlying demand and some of these approvals have not necessarily converted to commencements.

A critical shortage of new unit product in the inner city area of Townsville currently exists. With a lack of new unit product available in the later part of 2003, price growth across the board is likely.

Developers are focused on high yielding sites, and with current zonings this generally requires a site to have a land area in excess of 2,000 square metres. Currently, the size of newly approved developments continues to increase. With a stronger performance at the higher end of the market in some of the better quality residential estates, the average cost of new house and land packages now approximates $255,000 – an increase of 18.5% in 2 years.

This cost is likely to plateau in 2003/2004 as the supply of better quality sites becomes more restricted. The combination of low interest rates and slightly reduced diversity of supply of new residential sites should assist the established housing market to continue to improve with modest price rises.

Stronger growth patterns in value levels could be experienced in the unit market due to a lack of new supply at middle market pricing levels, and a critical shortage of developable sites suitable for supply in the middle market value ranges.

Even after allowing for the abnormal impact of a $60 million retail sale in 2001, general sales volumes approximate $85,000,000 for the last 12 months. At mid calendar year 2003, completed and near completed sales support these increased sales volumes.

Very strong inquiry levels exist for newly constructed facilities with long term tenancies or a Woolworths/Coles anchor tenancy.

Activity in the retail market in the Twin Cities continues to confine itself to the major road transport corridors. The recent sale of the Bi Lo anchored North Ward Shopping Centre at 9% is indicative of an improved perception of the neighbourhood retail market in the Twin Cities.

Property Valuation process when performed on the house makes the increase in the price of the house.

The dominant product in the retail market over the next 18 months will be bulky goods retail. There is limited opportunity for further expansion/redevelopment of neighbourhood convenience centres, once two proposed supermarket facilities in the CBD, and another two in suburban areas are developed in 2003/2004. The neighbourhood retail supply is perceived to be at its limit in the Twin Cities. Securely leased premises or strategic acquisitions by owner occupiers dominate this market.

The market will entertain yields at 9% or better for securely leased properties such as 21 Walker Street – leased to NAB for 6 years at $2,100,000 (9% net return).Other key acquisitions were made by intending owner occupiers/operators including: Reef HQ – substantially leased to the GBRMPA for a 5 year term at $3,500,000 (11% net yield) The Blue Terminal, Sir Leslie Thiess Drive – leased to ferry and reef boat operators at $2,500,000. Three of these sales are located adjacent to Ross Creek, illustrating the positive impact the Urban Renewal Taskforce vision for the CBD is having.

The Centrelink Archive Facility – a 10 year lease to Centrelink for $2,800,000 (8.25% net yield). River Quays – 9,300 square metre offices substantially leased to Telstra for a 5 year term for $10,845,000 (sub 12% net yield). Maximum rental rates for quality office accommodation remain at $245 per square metre gross. Significant demand exists in the corporate market however for high quality commercial development at rents at $300 per square metre.

The supply of affordable, developable sites remains extremely limited. New industrial premises presented to the market are significantly superior too much of the existing product.The market for semi modern properties up to $750,000 is now reliant on owner occupiers. Our valuers get good value of clients' property and prepare perfect valuation report for them at economical rate. New facilities are providing operators with cost savings during regular operations, practical compliance with operational health and safety issues, significantly better aesthetics. Currently rentals for a standard new 1,000 square metre warehouse gross between $90 and $110 per square metre.

The new facilities are tightly held by developers, so yield evidence is limited. The availability of new sites remains strong, particularly in the Bohle area, so limited rental growth is likely due to a shortage in supply. Yields below 9% are unlikely unless specific properties contain leases in excess of 10 years. On and off site accessibility, generic designs suitable for a number of uses/ users, high clearances and significant hardstand and parking areas are features of most forms of new development.

Limited rental growth is likely within the next 1-3 years. Poland holds the 13th position on the WTO World's Top 15 Tourism Destinations list. Foreign guests accounted for 40% of all hotel visitors, while 66% stayed in the branded five and four-star hotels. The most frequented hotels were three-star. Warsaw and Kraków remained the most active in the hotel market segment in 2002.

The majority of new openings have occurred in the branded five and four-star hotel sectors. In 2002 two hotels, namely the Hyatt Regency and the Radisson SAS Hotel were opened, delivering 560 rooms to the market. Comprehensive conveyaning services provide conveyancers to manage the exchange in the title of property from one person to other person. Currently there are 9 hotels in this category (all operated by hotel chains) providing accommodation in almost 2,860 rooms.

Activity in this market segment should continue, with 920 rooms under construction, due to open in the next two years.The only out of the city centre high standard hotel is to be situated in the Okęcie international airport.After a few years of focus on prime hotels, the Warsaw city centre budget sector (three and two-star) hotels are set to also improve. Currently, there are 10 hotels with over 1,900 rooms operating in the city centre. In addition, a 338-room hotel, located on the CBD boundary is scheduled for completion in 2003. All projects are to be managed by foreign and Polish chains (Envergure, IBIS, Gromada, Syrena).

A complex of three hotels with 464 rooms has commenced construction, the extension of an existing hotel by 170 rooms is at the shell and core stage and the modernisation of a 225-room hotel is underway. The number of enquires from boutique/design hotels has been significant but very few projects are expected to begin construction in the short term.

The first 45-room boutique hotel is to be opened in 2003. A new provision of hotels is distributed among the highest standard and budget sectors. Seven budget hotels, offering 650 rooms were opened in 2002. Unlike Warsaw, a four-star accommodation in Kraków is provided in hotels operated by hotel chains and local independents. Such a standard is also available in small hotels usually situated in period buildings owned by local companies. Moreover, Kraków is among the most frequently mentioned locations considered by Marriott and Qubus chains.