W-shaped' recovery for residential property market, predicts FNB

Mkhwanazi also points to "early signs of behavioural shifts" with homeowners reassessing their housing needs and preferences as a result of life in lockdown.

"Anecdotal evidence shows rising demand for bigger properties [mainly freestanding homes], notably in less crowded 'second-tier' cities," he says.

"The growth [in] working from home is creating demand for bigger homes which can offer additional features such as home gyms, and conducive environments for home-schooling."

ARTICLE COURTESY Suren Naidoo & MONEYWEB

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02 Sep 2020
Author Suren Naidoo

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