W-shaped' recovery for residential property market, predicts FNB
Category Market News
Mkhwanazi also points to "early signs of behavioural shifts" with homeowners reassessing their housing needs and preferences as a result of life in lockdown.
"Anecdotal evidence shows rising demand for bigger properties [mainly freestanding homes], notably in less crowded 'second-tier' cities," he says.
"The growth [in] working from home is creating demand for bigger homes which can offer additional features such as home gyms, and conducive environments for home-schooling."
ARTICLE COURTESY Suren Naidoo & MONEYWEB
Author: Suren Naidoo
