Resilience In The Property Market
The last two years have been harrowing. We’ve endured a global pandemic, rioting and floods in KZN and months of load shedding.
But it’s encouraging to see that the property market has held steady for most of this year.
This is also despite the country’s social, political and economic circumstances.
The bottom line is that these negative factors have not caused the property market to dip much at all. In fact, prices have remained steady, despite all that’s happened in South Africa this year.
It seems that people are still confident in the country. There could be a turnaround in the market in the second half of 2023.
Property is a basic need and remains a fundamental necessity.
Property is a long-term asset. It does not have the volatility exposure that most other asset classes have.
