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During the third quarter of 2020 (Q3 20), South Africa’s COVID-19 lockdown moved from Alert Level 3 through to Level 1. In June, pent up demand for properties saw residential property sales skyrocket after the reopening of the property market during lockdown Level 3. This property market boom continued through the third quarter, fuelled by low interest rates and favourable lending terms from South African banks.

If you’re about to retire, you’ve probably also thought about selling your family home so you can spend less time on maintenance and more on your hobbies, keeping fit, travelling or simply relaxing. But then what? Should you rent or buy again? And if you buy, what type of home should it be?

Based on the figures from the Deeds Office, the property market has shown some steady signs of recovery after being brought to a complete standstill as a result of the national lockdown during the second quarter of 2020.