These habitats are spawning, rearing, and feeding grounds for a wide variety of marine and terrestrial lifeThis shoreline also provides recreational opportunities for local residents and visitors; it is one of the largest and most productive clamming areas in the state of Washington. The harvest of shellfish safe for public consumption is directly linked to surface water quality in the terrestrial areas discharging to the marine waters supporting these shellfish populations.

The presence of fecal coliform bacteria is used as the primary indicator of water quality. A Prohibited status means that an area is unable to meet the standards and has pollution sources that are unpredictable and abundant. The information gathered through these surveys will be used to formulate a plan to protect shellfish areas in the future. In addition, these data will be used to help identify potential clam enhancement and restoration sites.

The full process of house valuation is very important to get conducted on the house in the very proper manner and this is possible when you are doing the legal steps with the full complex ways and making the successful process.This re-configuration was performed for flood control purposes and to drain areas for other land uses such as development. With this system, each wetland category is based on connection to other water bodies, type and density of vegetation present, and other factors.

When the whole official steps from the Capital Gains Tax Valuations are done under the experience of the experts it is possible for them to make the full profit in the real estate field. This is the main reason that is attached with the whole route that is conducted for making the changes that are required for making full profit in the real estate field.The north end of Birch Bay State Park is a natural game sanctuary providing refuge for smaller birds, migratory waterfowl, northern bald eagles, and great blue herons. The last 2 miles of Terrell Creek follow the shoreline from Birch Bay State Park north to the outlet north of Alderson Road.

Participants were also asked to explain how the project staff compared with other staff they had been or were currently involved with. Again the majority of participants preferred their relationship with project staff compared to that with their social worker. Nevertheless, some young people describe their relationships with their social workers as being good and very helpful, whilst others had more negative opinions and experiences. Some of the younger participants spoke of not having been allocated a social worker 12 , probably due to either reorganisation within Glasgow area teams or because of a shortage of social work staff more generally within the City.

The possible errors that are involved in the property valuation process are always performed in the best ways for the successful process which is done for knowing the house price. The majority of interviewees suggested that staff at the project were different from their experiences of other workers. They don’t pussyfoot aboot ye, know what I mean, they’re straightforward. Social workers are mare for the weans We werenae weans we’re adults an’ they treat us like adults. I mean we’re expected tae treat them back the same way, know what I mean.

They don’t treat ye like daft weans, they know our ages. They treat ye wi’ a bit of respect. They treat ye like an individual they don’t treat ye like like you’re here an’ ye’ll be daein’ this an’ that You meet them halfway. Social workers an’ that it’s as if they are trying to catch you oot doin’ the bad things an’ like tryin’ tae find bad things that ye’ve done an’ that. Gonna get ye into trouble an’ stuff.

This is the primary utilization of theSeparation/De Facto Relationship Valuations which is generally accomplished for the utilization of individuals why should speculation offer their home in the property field. By performing such steps the entire procedure of valuation gets finished in the less difficult way for doing the legitimate steps effectively with the point of making different benefits in the property field. This will make you completely free from a wide range of issues that are done in the right ways.But the partnership project that was like ye could talk about stuff ye’d done an’ ye’d get things off your chest and’ that without them coming’ soon on yea saying’ you're bad and’ stuff.

Having managed to persuade the Department of Health to invest over the last 12 months in a social care information policy unit as the focus of social care IM&T issues, we now find that the landscape has changed again. I think the clear direction of travel in the Green Paper is self evident and this has been confirmed in numerous ministerial speeches. This presents ADSS with major challenges for the coming months and years - not only in relation to the IM and T agenda. As far as IMG (and its parent body ADSS Standards and Performance Committee) is concerned.

I think we have arrived at somewhat of a crossroads if we are to retain our proactive and influencing modus operandi. We must rethink who we do business with. And start to think about what organisations can support us in ensuring that social care continues to have an influential voice within responsible government departments. I am confident that ADDS can reposition itself in relation to Department of Health and DfES, but we also need to use other national organisations to support and promote the social care case.

This is obviously not just an IM&T issue for the ADSS. I feel we now need to be giving urgent consideration to our ongoing strategy for working with a range of agencies organisations. Following the London local elections the managing director was taking early retirement and Geoff had been asked to act up so would I cover the director pos.

The late call heralding the changes within a week Permanent appointment to the post didn't occur till this April with the director's vacancy advertised once Geoff's appointment has been completed. This laid out a wide array of challenges but with confidence and composure settling my jangled nerves. Attendance at branch meetings since then has been of similar assistance. So the initial challenge has been the unforeseen transition from a management team with a stable membership for the past three years.

The house location and the structure of the house these total attributes that are attached with the house are attached with the legal steps that needs to get performed with special ways. The main end-use for colliery spoil8 has been fill material for road construction and building sites. The greatest use of colliery spoil was in 1970, when it was used as bulk fill for motorway construction.

The attributes are calculated by performing the Adelaide Property Valuers process which is important to perform with the help of the experienced property valuer. It also provided an excellent source of secondary aggregate. During 1970, 600 000 tonnes of spoil was mainly used for brick making.

By doing the property valuation process you will be able to get the details of the house and then you can make necessary efforts in making house more beautiful and useful for living. It’s your choice to keep your house more usable or sell it. By 1989/90 this figure had dropped to 70 000 tonnes. This was due to the discovery of alternative materials, such as overburden from opencast operations, as well as changes in planning law. This in turn reduces the level of mining activity so conserving existing primary resources and relieving pressures upon the planning for new mines.

China clay is mainly used in the paper and ceramic industries. It’s one of the worst minerals for production of waste. For every one tonne of china clay, an average of nine tonnes of waste is produced8 .

English China Clay International (ECCI) accounts for over 90% of the current production3. China clay is generally extracted by open pit mining.

There are many laws as well as provisions made in which it is required to determine the market value of certain products. This law is mainly made to provide assistance to the taxpayers and the Perth Property Valuers by which they can provide a market value for the taxation purposes. Rent reviews in The Blanchardstown Centre have been activated by the landlords who are forecasting competitive rental growth based on the continued success of the centre.

Now this process of valuing can be sometimes simple and sometimes be complex but the principles involved in it remain constant. By this more guidance and advice can be provided on the matters which are completely dealing with different types of valuations. In the industrial market, rental growth has remained steady throughout 2006, although purchasing is still the favoured option by many occupiers. With the opening of the Port Tunnel in December 2006, further rental growth is expected in north Dublin suburban locations within easy reach of the M1 and M50 motorways.

Taxpayers and the common people get a lot of help from it by which the method of paying tax gets benefit and the benefit of the society is also seen by this. No matter how hard or easy the process turns to be it always benefits the taxpayers. in order to identify the best opportunities for adding value, property managers must be highly attuned to market demand for the category of property under management.

For example, in a shopping centre, the best opportunity for adding value may arise through consolidating a number of small units into one larger unit Alternatively, obtaining vacant possession of a building may be the better option as it could open the way for higher density redevelopment. Managing landlords’ costs is equally important in maximising investor returns as unduly high service charges ultimately depress rental levels.

Rapid changes in India’s economy have resulted in a marked change in the list of companies requiring office space. Meanwhile, the completion of the Mumbai-Pune expressway in 2001, reducing travel time between the two cities to two hours, is expected to boost the office market in Pune, which has become a favoured location for the expansion plans of IT companies.



Despite the prospect of a slower economy in 2001, office market fundamentals are expected to remain fairly healthy in the short term. Vacancies are expected to remain low with few new buildings due for completion until at least 2002-04.

Accordingly, while rentals for premium space are holding or even showing some growth, net effective rents for secondary space have been in decline, with the re-emergence of letting incentives as landlords seek to retain or attract tenants Wellington is witnessing a similar, but less pronounced trend, with a CBD vacancy rate of around 10.5%.

The future of the economic environment remains uncertain in Kenya, though power rationing eased at the end of 2000 and unseasonal rains have partly replenished depleted dams. The office market in Nairobi remains oversupplied, though accommodation which meets occupiers’ needs, i.e. decentralised with good communication and parking facilities, is becoming limited. This is a legislature activity and it is carried out to compute the rates and assessments for the property. Getting prevalent property valuation AUSTRALIA is about the property itself as well as about its area.

In both the residential and commercial markets, properties that satisfy tenants’ expectations will remain fully let while those whose facilities, amenities and management do not, are expected to face low occupancy rates and reduced rents.

In Kampala, the recent completion of the renovation of 5,000 sq m in the IPS Building, plus the imminent completion of 17,000 sq m in the NSSF Building and 4,000 sq m in Simbamanyo House, has seen the market move to a position of oversupply, with vacancy rates increasing in older buildings. In addition, 4,000 sq m is expected to become available in September 2001 and a further 8,000 sq m in 2002 at Crested Towers, currently under the initial stages of renovation.

However, the very top-end properties remain in short supply and have maintained their rental levels, buoyed by the multi-nationals and the Aid and Diplomacy sectors. The office lettings market in Dar es Salaam witnessed considerable activity over the past year, with the prime developments of International House and 50 Mirambo Street maintaining full occupancy. However, the investment yield in the CBD of Lagos Island differs from that of Victoria Island, which hitherto was a high profile, low density residential neighbourhood, currently being extensively taken over by commercial uses. The prime investment yield is in the region of 5-6% in Lagos Island compared to 4-5% in Victoria Island. Onlineproperty valuation destinations can moreover be a significant instrument for buyers and merchants.



The bulk of this space is being developed on a tenant-driven, pre-let basis and is being absorbed by the pent-up demand from 1998/1999, as well as tenants upgrading from older, decentralised accommodation.

The role played within the overall portfolio of trust property by each existing investment or that would be played by a proposed investment.

The circumstantial particularity of assets is something to be considered. Take-up in Dublin in the first quarter of 2000 exceeded 63,000 sq m, nearly twice the amount for the previous quarter. The Uniform model Act adds one other factor, and that is the other resources of the beneficiaries. In the present writer's respectful opinion this is a consideration that lies outside investment criteria, and preferably.

In Lisbon, buoyant occupier demand and a shortage of quality office space have driven office rental levels up over the last year, both in the city centre and out-of-town. Rental growth has been most marked in the West End and Docklands, whilst growth in the City was more moderate.

At the same time, rising interest rates began to choke off new supply. As a result, rental rates, which had moderated towards the end of 1999, have strengthened again.

Real Estate Agents Vs Professional Property Valuers, Who Really Knows Their Stuff?
A trustee who thinks otherwise must ponder the fact that the trustee can have no control over the retention or timely availability to the owner (the trust beneficiary) of those other resources. The outsized gain in the CBD index supports the anecdotal evidence that internet, communications, software and media companies, as well as their associated professional service companies, are quickly absorbing Class B and C office space in and around large downtown markets.



The nation’s vacancy rate dropped by 70 basis points to 9.5% in the first quarter, the sharpest decline since the fourth quarter of 1996 and quite possibly the lowest vacancy rate in a quarter of a century.

That too in the writer's opinion is a non-investment element, but something that the sensitive trustee who lacks instruction or guidance in the trust instrument would wish at least to reflect upon. Net absorption climbed for the fourth consecutive quarter, hitting a recent peak of 29.3 million sq ft (2.7 million sq m), whilst the amount of subleased space on the market declined by some 3.8 million sq ft (353,000 sq m).

More increases are expected later this year as the ‘Fed’ strives to control inflation, which rose by 3.7% in the year to March 2000. Office property sales announced in the Institutional Real Estate database for the first quarter totalled $6.2 billion, down from a peak of $13.1 billion and $9.2 billion in the third and fourth quarters of 1999 respectively.

The weak first quarter numbers should be taken in context against the much stronger performance in the previous two quarters, with investors possibly digesting those earlier acquisitions while waiting to see how interest rates play out. A CPD shows that the applicant has made all the pre-mentioned prerequisites and can begin working in expert Australian Property Valuation industry. With the ever expanded interest of dependable valuation experts in the land business of the nation there is a great deal of chance for the qualified Valuers, since they have now ended up practically irreplaceable amid any land arrangement and relying on their effectiveness and system the gaining capability of an Australian property valuers can exceptionally well go past as far as possible.

This is in line with the sector’s 1999 share and up slightly from 1998. After the economic turmoil of the past two years, 2000 is proving to be a good year for much of Latin America, with most economies showing strong signs of recovery.

Mexico, which remained relatively unscathed, is forecast to see growth of around 5% this year, while Brazil, the region’s largest economy, and Argentina are forecast to show growth of approximately 3% this year. Meanwhile, prime office yields in Buenos Aires are expected to fall in the medium term as Argentina’s investment risk improves and more investment product comes onto the market.



Growth for the region as a whole in 2000 and 2001 is expected to be in the region of 4%-5%, with a number of countries including Singapore, Malaysia and Thailand exceeding this rate of growth.

Office rents and capital values are expected to increase by an average of 10%-15% over the next 6-12 months. As Thailand’s economy recovers strongly, the number of new business registrations in Bangkok grew by over 20% over the past year, while business closures fell significantly by 50%.

There may also be significance in a particular asset in the trust fund for one or more of the beneficiaries. However, improving demand saw the rate of decline in asking rents slow to between 1%-5% for prime space, compared to a rate of decline of 5%-11% in mid-1999. Regardless, if the subject has an extra half-restroom and the equivalent does not, the appraiser may add an indicate the comparable property valuation adjustment.

A further 257,432 sq m of new office space is due to come onto the market this year, of which 80% will be in the suburbs of the city, 15% in the CBD and 5% within the Golden Triangle, the prime office location of the city. Rental yields are also rising, demonstrating a buoyant ‘leave and license’ market. For instance, whether to leave an aged widow or widower, now living alone, in a large former family home that is a trust asset in which others have a capital interest is not infrequently a difficult and painful decision.

However, 2000 is showing further signs of recovery, with industrial production expected to rise by 2.3% in the first three months of the year, business investment rising and consumer spending showing indications of picking up.

But the place of memories and associations cannot be an investment factor. That is really a matter for the maker of the will. The honeymoon is over for the newly elected Labour Government in New Zealand. However, there remains reasonable private sector demand for units of up to 300 sq m. There continues to be good level of interest to own and occupy new office premises, although the recent increase in interest rates could dampen this.



The office market in Francistown remains depressed and is expected to become more so, as the long awaited Government offices open in August. The current development cycle has come to an end and the lack of demand for new office accommodation has resulted in over two years' supply of varying quality in Nairobi.

Both the residential and commercial markets are softening, though a period of stagnation and adjustment is expected as opposed to a collapse. However, since the opening of the new PPF Tower, rental levels have fallen in line with normal principles of supply and demand. Investor confidence, already affected by the country’s involvement in the ongoing war in Congo, has been hit further by recent clashes between Ugandan and Rwandan troops in northern Congo. Kampala’s property market remains stagnant and although the recently completed Rwenzori Courts has achieved lettings of US$18 per sq m per month, prime rents across the market as a whole remain unchanged. Valuations SA is giving their clients the most efficient and usable services to deal with their process and make their house more attractive.

After 20 years of independence under Mr Mugabe’s rule, recent months have seen Zimbabwe in crisis, with continuing economic decline and a slump in business confidence. Inflation skyrocketed to 70% in early 2000, pushing the cost of building upwards. The removal of currency risk within “Euroland” is of considerable significance.

Faced with an already complex market, foreign and crossborder investors have often been deterred in their international plans owing to uncertainties over future currency fluctuations. If assets are to be retained, or the trustees are to have the power to retain, it follows from the answer to the previous question that this is something that should be clearly stated in the trust instrument.

This decline is expected to continue to the end of 2000. The Euro 11 GDP growth rate for 1998 was 2.9% compared to forecast rates of 2.2% and 1.9% for 1999 and 2000 respectively. Ireland is forecast to show the strongest growth this year at 7.5%, followed by Poland and Portugal at 4% and Spain at 3.3%, with the UK showing the least growth at 0.8%.



The German economy is showing signs of recovery, which has been attributed partly to the weak Euro and the greater business confidence resulting from the pro-business policies adopted by the new finance minister.

Rental levels have risen in many key European centres over the first quarter of 1999, with Madrid, Dublin, Barcelona and Milan showing the strongest rental growth over this period. There remains a shortage of available quality and new accommodation in most city centres, which is leading to increased pressure on rental levels or decentralisation, particularly in Brussels, Lisbon and Paris. The aged person may appear to be unreasonable in resisting the proposition that a condominium or apartment would be much more comfortable. Property valuer will provide you full guidance to make important decision regarding your property.

Net absorption fell from 9 million sq ft (836,120 sq m) in the fourth quarter of 1998 to a scant 5 million sq ft (464,510 sq m), while speculative space under construction finally stabilised at 76 million sq ft (7.06 million sq m).

The U.S. unemployment rate is at a 30-year low, which has resulted in rising labour costs, while intense competition, particularly from Asia and Latin America, has reduced the pricing power of US corporations. The business climate is now improving, which suggests that the office market could shift back into high gear later this year.

This is up slightly from the 76 transactions, worth $5.3 billion, that were announced in the fourth quarter of 1998, but well below the 111 deals and $9.9 billion of transactions announced in the first quarter of 1998. The slight rise in investment activity in the office market represents a return to a more normal level of transactions after the frenzy of 1997 and the first half of 1998.

This earlier frenzied activity was instigated by the REITs’ buying spree, which proved to be unsustainable given the dramatic drop in their share prices last year. The uncertainty in the market in late 1998 caused a slight increase in overall property yields as well as office yields over the past quarter. Real Estate valuations are gaining importance and are increased to make done by lots of people for knowing their house price.Though they remain part of the trust fund and enable the trustees to carry out the trust’s objects, these assets should be taken out of the investment and reinvestment process.



Nearly two years after the devaluation of the Thai baht sparked a crisis that spread throughout south-east Asia and threatened to destabilise the world economy, the region is showing signs of having passed through the worst of the storm.

In most cities, the residential market is taking the lead to recovery as it caters primarily to the domestic market while office markets are recovering at a slower pace. Thailand and Malaysia have been amongst the more promising countries in terms of adopting the right reforms in order to get their economies back on track.

Although Singapore’s economy is showing gradual signs of recovery, with increased industrial production and a revised growth rate of between 1% to 3% for 1999, recovery in the office market is still lagging well behind the residential market. Beijing and Shanghai continue to suffer from a severe oversupply of office space, which has resulted in a sharp decline of rental values down to less than half their peak levels.

However, after three years of slow growth and progress on reform, the overall property market in India appears to have bottomed out with prices unlikely to decline any further. Shares in a private corporation, small businesses, cottages, and as suggested the testator’s home during the surviving partner’s lifetime, are none of them immune from the unforeseen change of circumstances.

Inflation in 1998 was 6.9%, the lowest rate since 1973, and is expected to continue declining in 1999. In Zimbabwe, although the controversial plans for land reform are off the main political agenda for now, the country’s involvement in the Democratic Republic of Congo’s war has had severe repercussions on the economy.

The IMF has suspended US$53 million of support funds and inflation is currently running at about 50% with interest rates to match. The economy is unlikely to see any recovery before next year. In Harare and Bulawayo, to protect their rental incomes from being eroded by rising costs, most landlords are now requesting net leases with higher annual escalations than previously. The increase in the land valuation industry is making a new revolution in people to make the changes in the property which their clients have to do.



In spite of the harsh economic climate, over 100,000 sq m of office accommodation is under construction in Harare, which will be released over the next two years. Despite the oversupply, there is a limited supply of grade A space available or in the pipeline. GDP in Botswana grew by more than 8% in 1998 and is forecast to slow to 6% in 1999, while GDP growth rates in Tanzania and Uganda are forecast to be 4% and 5.5% respectively in 1999, increasing to 4.5% and 6% respectively in 2000.

The investment market in America has seen a higher level of activity as market conditions have improved. These, as well as issues such as transport, have come to play an increasingly significant role in relocation decisions.

1997 is expected to see a rise in the supply of office accommodation in China, Singapore, Thailand and Malaysia, whilst in Indonesia and the Philippines, supply is expected to remain tight until late 1998 and early 1999 as developments originally scheduled to come on stream this year have been deferred. Rental and capital values have stabilised in Mumbai, Dehli, and Hong Kong. In Australia, demand remains strong for prime, city centre accommodation.

From an occupational perspective, the markets of Africa are by far the cheapest in the world and likely to remain so. In South Africa, rental values have risen in prime areas in response to strong tenant demand and falling supply. Downtown markets however, have seen a decline in rents, although this has been less notable in CapeTown than in Durban or Johannesburg.

Christened two of the four "East Asian Tigers" together with Korea and Taiwan, they made the transition from being classified as low income third world to their status as newly industrialized economies in a relatively short time. Land is a scarce resource and property prices are understandably high.

But, Hong Kong’s property market has traditionally been 1 conceived of as being more entrepreneurial and less risk-averse character of its population. Realising the systemic dangers an over-valuation of property prices could pose to the overall economy, the government introduced a comprehensive set of anti-speculation measures in May 1996, just before the Asian financial crisis broke out in 1997.



Right now, there are some indicators of a revival in the residential market. With expectations of only better times ahead, speculative activity pushed prices higher and higher. The influx of tourists resulted in a pick-up in business activity for the retail, restaurant and tourism trades. Under the weight of SARS and tough global economic conditions, both markets have languished for several quarters.

However, since the second half of 2003, private home sales in Hong Kong have been encouraging on a year on year basis (see Chart 1), with a corresponding increase in private residential property prices. By contrast, Singapore’s housing market is still languishing, and despite positive economic growth data, the latest URA figures in 1Q 2004 still reveal house prices to be soft.

This conforms to economic logic and is as expected. However, despite the signs of economic growth in both cities, private residential prices in Singapore are still sluggish compared to Hong Kong. Whatever the choice that is made, hard thinking has to be done at the trust drafting stage of what is to happen, and who is to be empowered to act, if the unexpected event occurs - and what is meant by such an event? - after the instrument has taken effect. Property valuation framework is key and snappy if preformed by expert and stipend property valuer to face advantage in your structure. Visit at www.brisbanepropertyvaluations.com.au
The Hong Kong government announced a target of 70% home ownership by 2007. This represents a huge improvement on the existing rate of 56% -- 74% home ownership in the private market and 37% in public housing. After the enactment of the first Trustee Act amendment on ‘prudent investor’ in Ontario, express clauses were still required because the Ontario government chose to exclude the delegation powers of the model Act.



At the same time, to prevent Singaporeans from over-committing their CPF savings into property investments, the total CPF withdrawal for housing loans has been brought down gradually (by 6% each year) from a valuation limit3 of 150% in 2003 to 120% by 2008.

Additionally, CPF contribution rates were cut from 36% to 33%, the CPF salary ceiling (below which contribution is mandatory) was reduced, and the government has begun earnest efforts to reform the wage system to make it more flexible.

These measures, together with the lag between growth in the GDP data and overall consumer confidence, and more recently, fresh anxieties over oil prices and rising interest rates, have all conspired to rankle home buyers, slowing the pace of recovery in the private residential market. Having said that, we expect future private residential property prices in Hong Kong to outpace those in Singapore in the short to medium term.

Why is this so? However the pace of home ownership has been much faster in Singapore than in Hong Kong, perhaps for reasons of political expediency in the case of Singapore, in order to encourage a greater sense of rootedness among its migrant population. All properties sold all through the state are investigated to figure out whether there has been any development in the property advertise throughout the year.

Singapore has also focused more on public housing while Hong Kong, true to its more laissez faire style of governance, has relied more on the private sector for the delivery of housing services. Whatever the difference in policy reasons, the difference in outcomes is stark – only 31%4 of the Hong Kong population lives in public housing as compared to 86% for Singapore.

Hong Kong’s private residential sales volume and prices have gathered momentum due to a vast turnaround in sentiment riding on the back of improved economic conditions and a healthy outlook. The reader will recall that in Canada the ‘prudent investor’ rule was first studied by the Uniform Law Conference.



But having said that, Singapore private residential property offers a different risk-return profile. More interestingly, we observed that in the early 1990s (1993 – 1996) the volatility of private residential prices in Singapore was higher than that in Hong Kong, but appeared to have decreased over time (Table 1b).

On the other hand, Hong Kong enjoyed a relatively lower volatility in private residential prices during 1993 –1996 (Table 1b). But subsequently, it faced relatively higher volatility in private residential prices compared to Singapore. In this sense, while Singapore private home price increases in the future are likely to be less exciting, the market is also likely to be more stable, compared to Hong Kong. Perth's leasing activity was impressive last year and this has continued into 2003, particularly at the smaller end of the market. However, rental growth has been minimal due to an ultra competitive leasing market. I would like to introduce our highly talented and licensed property valuers who are always helping in valuation transactions.

Knight Frank has identified over 140,000sq.m of major leases and precommitments in 2002/03, a sterling effort considering the easy pace of the Western Australian economy. However, this relationship has weakened over the past two years.

Take-up has averaged almost 130,000sq.m p.a while economic growth has been in the 2-3% range (which is quite sluggish for WA). Traditional industrial areas such as Canning Vale, Kewdale, Welshpool, Balcatta and Osborne Park continue to record the lions share of new leases. This quite clearly reflects the availability of space in these areas. To date Knight Frank has not recorded any significant uplift in demand from resources/ engineering sector companies stemming from the China & South Korean gas deals although it has been noted in the office market.
However, there are now clear signs that business sentiment is turning positive and decisions are starting to be made. No doubt this is flowing from the resource commitments and the expectation that the economy is going to improve over the coming year or so. The most active development areas remain Canning Vale, Malaga, Wangara, and the "new" Forrestfield/Perth Airport precinct. The main process of property transaction should get performed under the full assistance of the experienced person from the real estate field.

It would appear that developers are following the lead of those on the eastern seaboard and eroding development profits to secure major projects. Industrialists wanting to expand or incorporate new technologies into their business either had to accept secondary space or relocate south to Canning Vale or Bibra Lake. The opening of new business parks at Forrestfield & Perth Airport has provided land for development in this key transport hub. Transport companies and manufacturers have reciprocated with a solid take-up of sites for new design & construct projects.



As a result of the limited supply of quality office floorspace in the city centre, the growing demand from major occupiers for large new units has been increasingly redirected to decentralised office locations, particularly La Défense and its surrounding areas. Prime rents in the city centre have risen to around FF 3,200 per sq m per annum, whilst prime accommodation in the suburbs commands rents of around FF 2,100 per sq m per annum.

Investment activity in the Parisian office market has reached its highest level to date with some FF 40 billion expected to be invested during 1998 as a whole. Foreign investors have been particularly prevalent in the market, especially the North American and German funds. The increase in competition in the investment market together with the anticipation of continued rental growth has led to a decline in prime office yields. Prime offices in the city centre command a yield of around 5.8%-6% compared with 7%-8% in the suburbs.