Compare Listings

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

Related posts

The Month in Review March 2021

In this "Month in Review” blog, we will be highlighting some of the impacts Covid has had on...

Continue reading

4 Emerging Property Trends Post-Covid

The Emergence of Smart Cities The government is on an economic development drive and as part...

Continue reading

The Month In Review – The Rise of The Value Investor

The month of February has been a mixed bag but is bringing with it some glimmers of hope. The stock...

Continue reading