The Rest property guide

Since the revival of semigration in 2021, the surge in market activity in the Southern Suburbs has continued unabated with the steady rise in demand leading to a drop in the time properties are spending on the market as well as a declining gap between asking and selling price.

While the Covid lockdowns significantly impacted the retail industry in South Africa, which no sooner began bouncing back when it was struck with the advent of severe loadshedding which created further major challenges for landlords and tenants alike, shopping centres in this country remain resilient, constantly seeking to reinvent themselves with new attractions and refurbishments to draw in shoppers, says Andrew Dewey, MD of Swindon Property.

According to the Seeff Property Group, several factors can impact the selling prices of properties in a buyer's market. Geographic trends for example may mean that some areas are still experiencing a shortage of stock and high buyer demand, but even in these areas buyers will still not overpay.