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He confirms an oversupply in the major property sectors but that the least impact has been felt in the industrial property sector. “You have to have a crystal ball to know what comes next. All we know is that not every occurrence in the short term is a long-term ...
The current negative trends in commercial property can arguably be attributed to the high levels of political and economic uncertainty, with investors and business leaders preferring to hold back on long-term commitments while the country remains in a fragile position. The very soft nature of t...
The 3rd quarter broker survey points to financial pressure amongst property owner-occupiers remaining “elevated” even after lockdown has been eased, with the estimated percentage of sellers selling in order to downscale due to financial pressure remaining relatively high compared ...
The historic area known as “between the chains”- in Simmonds Street (Johannesburg) where trading in shares, land and property went on throughout the day and late into the night and on Sundays too. The JSE is now 126 years old and it is South Africa’s only full service securities exch...
“Many of these trends are not 2020 or COVID-19 trends, but actually trends that have been in the property market for a number of years.” In the context of the pandemic, two issues have become pronounced: density and the lack of shoppers who want to hang around. This is where neighbo...
they became too expensive,” he posited. “If you takeSandtonas an example, a season gautrain ticket to commute in takes up a lot of someone’s salary; while for the company, space and property taxes and the overall costs of operations are four times what they would be in...