Real Estate Investor Magazine South Africa August 2016 | Page 7

EDITORIAL VIEW

Real Estate a solid performer in uncertain times

T

he
global
macro
economy remains a
volatile place and will
remain as such for a while to
come. American economist
Harry Dent says, “70% of
the world economy relies on
consumer spending driven
by business people and when
it slows, everything else falls
with it.” Europe themselves
have growth issues. Some
of them include the loss of 6
million jobs between 2008 – 2013, growth in inf lux of
asylum seekers and heightened terrorist threats. USA
with possible interest rate increases and political. China
has slower growth from 8% to 5% and lower and the
real estate and stock markets are looking extr