Flexibility and affordability are predicted to be at the core of commercial property trends in 2021 as businesses and employees adapt to the country’s prevailing economic and social climates. Even if the remote working trend subsides in comparison to the momentum gained this year, it does not mean that the business sector will forget the

In previous years landlords were able to name their rental prices and still have an abundance of tenants vying for their properties. Their properties were filled quickly and years of rental price escalations followed. But this is no longer the case due to an oversupply of rental properties, a struggling economy that’s reduced rental affordability,

The only similarities between the property market at the start of 2020 and the end of the year is that buyers had, and still have, the upper hand. All other predictions and expectations were wiped out by the global pandemic which brought the market to a standstill for several months. Some were even turned on

January: The year opens with the ongoing buyer’s market. South Africans also look to make decisions on relocation and semigration. A total of 14 302 properties were sold, with an average purchase price of R1.34 million. Lightstone’s national house price inflation is 1.72%. February: Aspiring homeowners still prepare to take advantage of the buyer’s market.

Deciding to sell your home is almost always a tough decision for property owners and when market conditions are not in your favour, the decision is more difficult. It is still a buyer’s market in South Africa, meaning sellers must accept their homes will be on the market for longer and fetch less. This means