Bullish property market overtakes 2012 bustle

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Demand for office accommodation is on course to overtake last year's 40,000 square metres uptake with interest from government in the Central Business District (CBD) primarily driving the market.

According to preliminary estimates from real estate experts Knight Frank, the strong appetite for newer and upper grade office space is likely to power demand past the 2012 full year uptake before the end of next month.

Speaking at a CBD development seminar held in Gaborone this week, research director Joe Simpson said that despite early fears of a property market bubble burst, last year's bullish trend in the property market is set to lag behind this year's with strong appetite emanating from mostly the CBD and Fairgrounds Office Park.

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