Property Newsletter | March 2022
Mixed fortunes for property
Residential property sales have made up ground lost during Covid and transfer volumes could be on track to break the 300 000 level last seen in 2008. In our lead story 2021 residential property sales recover from Covid we report that the total value of transfers in 2021 reached an all time high of R326 billion.
Yet, despite the good news, Where have all the (younger) homeowners gone? finds that the pendulum has swung towards younger homeowners leaving the market. The are many possible reasons – emigration, lifestyle change, waiting for a bargain or economic hardship taking its toll, which we see signs of in Uneven commercial property activity reflects challenging times.
Rising property transfers reflect the relatively buoyant Bloemfontein in Bloemfontein shrugs off Covid with second successive year of increased property transfers, and confirms the upbeat telemetry data recorded from vehicle trips around shopping centres in our story Recovery in vehicle trips masks shift in behaviour.
Happy reading!
2021 residential property sales recover from Covid
… as sales fall at entry level, rising at mid to luxury levels.
Where have all the (younger) homeowners gone?
Emigration, lifestyle change, economic hardship or waiting for a bargain?
Uneven commercial property activity reflects challenging times
We look at the Agricultural, Commercial and Non Commercial markets.
Bloemfontein shrugs off Covid with second successive year of increased property transfers
Rising property transfers reflect the relatively buoyant Bloemfontein market.
Recovery in vehicle trips masks shift in behaviour.
Trips in and around Bloemfontein in October 2021 have recovered to 2019 levels.
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