Even though the Covid-19 pandemic has had an impact on the property market across South Africa, there are still significant investment opportunities to be had, especially in the residential sector.
Excitement is running high as you have just signed an offer to purchase your dream house. Perhaps it was the quirky water feature which caught your eye as you walked through the lush, well-kept garden or maybe the thought of spending long summer afternoons under the pergola.
Thanks to the Covid Pandemic, depleted state finances and associated upheavals, combined with the inherent societal inequality the country has experienced for generations, South Africans are facing huge economic contractions and businesses will be hard put to merge past profit levels with current employment needs.
The pandemic has had an impact across all sectors of the economy, the township markets property included. While the rest of the country saw an increase in activity among buyers, township markets also saw a few new trends emerge.
It’s women’s month in South Africa and as we celebrate the skills and achievements of South African women, we also need to look at barriers still facing women.
It’s often the lifestyle – portrayed through beautiful photographs and a little advertising poetry – that gets potential buyers excited about the prospect of fishing, golf or bespoke wine in their own back yard.
The Chas Everitt International property group has announced it will no longer be associated in any way with a “new elective residency programme” that purports to offer South Africans a way to fast-track the acquisition of Italian citizenship.
The South African property industry is multifaceted and ever-changing, requiring highly skilled professionals to help navigate and interpret the market. However, professional property valuers are scarce, and the profession needs active development.