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The Month In Review

The Month In Review

We’ve made it through January, and it has been an unusual start to the year – for everybody! The 2nd wave of Corona impacted us too, with one family having 2 members down and two of our marketing team members affected.

As far as the commercial property market is concerned, it is also stretched with share prices flat in January after a sharp decline last year. FNB is expecting a small recovery in the commercial property sector in 2021.

The Commercial Exchange team did manage to finalize the sale of a property we have struggled with for some time in the Sandton CBD, closing at R9 million. We also saw the transfer of 3 transactions concluded in the latter part of 2020.

A number of new interesting properties have come into the market, particularly in the high-density residential development space for Morningside as well as Lanseria.

We anticipate a tough year for the industry as a whole, with the overall economy struggling – but where other see obstacles, we see opportunities.

If you’re a property investor, these are good options to look at:

  • Discount zoned development land
  • Unit trust companies selling off office space that can be repurposed for alternative use

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