Market steady, opportunities with new developments
Category Market News
South Africa's property market is recovering from a 16% drop in transfers in 2020, primarily the result of Covid-19, and returning to pre-2020 numbers. Transfer volumes have, in fact, remained consistent at between 300 000 to 350 000 a year since 2009, and our story - Property volumes steady, prices up - confirms the recovery is most evident in higher value properties, suggesting higher earners have weathered the pandemic better than middle to lower earners.
Author: Lightstone
