Marketing & Media trends
- Auction industry survival depends on going virtualJoff van Reenen
- Covid-19 drives new trends in local property marketMarcél du Toit
Construction & Engineering trends
- 3 major trends in the commercial property space in AfricaPeter Hodgkinson
- A bright horizon for South Africa's energy landscapeBarry Bredenkamp
- Achieving developmental goals through constructionCyril Vuyani Gamede
CSI & Sustainability trends
- Time for NPOs to show their real impactKeri-Leigh Paschal
- 5 sustainability trends that will shape business in 2021Christelle Marais
- 4 trends set to continue or be re-interpreted in the NGO sectorInnocent Masayira
- Strengthening NPO skills and processesNazeema Mohamed, Feryal Domingo and Soraya Joonas
- Sustainability is key for social investment in 2021Keri-Leigh Paschal
- 4 trends in employee skills development and training you need to know for 2021Siphelele Kubheka and Desikan Naidoo
Energy & Mining trends
- 10 predictions around fintechDominique Collett
- The 4 themes for the new yearAndrew Duvenage,
- 3 wealth management trends to watch in 2021Maarten Ackerman
- 4 strategies to rethink investing in SMEsKuhle Mnisi
- Microinsurance ready to reach new heightsMarius Botha
- Finding alpha in the age of Covid-19Nema Ramkhelawan-Bhana
- Purpose or profit. It's not a choiceMike Middleton
- Shifting towards a digital - but still human - approachHenry van Deventer
HR & Management trends
- 4 areas in which your business can practice its swivelFrancois Kriel
- 5G is coming. Here's what it could mean for SASamantha Naidoo
- 3 big issues demanding legal attention this yearJonathan Veeran, Nozipho Mngomezulu and Burton Phillips
Logistics & Transport trends
Marketing & Media trends
- Tech democratisation will set the tone for 2021Andrew Smit and Johan Walters
- A bold year for beveragesAlex Glenday
- Acceleration of digital paymentsJonathan Smit
- Safety vs sustainability - the packaging industry's key conundrumNthabiseng Motsoeneng
- The evolving e-tail landscapeVilo Trska
#BizTrends2021: Property trends - it's not all doom and gloom
We're still well within the Covid-19 pandemic and, while we're seeing an increase in vaccine uptake, as a country, we're still struggling to get to a place where we can get our economy back to where it was before the pandemic. While predictions anticipate South Africa's post-Covid recovery to be in the last quarter of 2022, it's not all doom and gloom.
Seabelo (Herbert) Theledi, founder and managing director, Nthwese Developments
As we look closely at the property market, we remember how it was hit quite extensively by the pandemic. However, a closer look shows that the property market is expected to show more growth despite the pandemic. Here are some trends that we expect to see during the last few months of the year:
Township and rural development
The recent looting in Gauteng and KwaZulu-Natal affected township and rural development, almost erasing decades of growth and development. What lies ahead now is rebuilding, which has already commenced. Shopping centres were no doubt at the forefront of this destruction, which has affected employment figures in South Africa and, fortunately, Nthoese Development was not affected by the civil unrest. We still see a demand in rural and township investment as an alternative opportunity for the retail market and will be launching another development, Setsing Mall, to be situated in Qwa Qwa in the Free State. Township and rural economies must be a key focus in contributing to job creation and creating further economic growth.
The South African property market has been experiencing a wave of hyperactivity ever since the three-month shutdown of the national Deeds Office when Covid first...
Adrian Goslett 16 Sep 2021
The rental housing market
The rental market has been in crisis since the start of the Covid-19 pandemic and, right now, it is at levels that it has not reached since the 2008 recession. Vacant apartments and tenants in arrears are quite high. While there are plenty of tenants requiring rental units, very few can afford them. And with the difficulty of finding quality tenants, we can expect more vacancies for the rest of the year.
We’ve been in a buyers' market since the second half of 2020, with the interest rate at an all-time low. This has allowed many to purchase residential housing, something that we will continue to see until the last quarter of 2021, when we anticipate a sellers’ market.
The commercial property market is undoubtedly one of the worst hit by the Covid-19 pandemic, and this is mainly driven by the office space market, followed by the retail property market, and the least hit, the industrial market. As it stands, the commercial property market is in a weaker state than the overall economy of South Africa, and as the year progresses, we expect no change. While many are back at the office, most companies are still working from home and this will probably be the case until the second half of 2022.