CAPE TOWN - South African property expert, Jaco Rademeyer, on Friday said despite an increase in interest and inflation, it was still a buyer’s market.
But the challenge was with commercial properties as more South Africans ditched offices and business parks.He said that before the COVID-19 pandemic, business was booming and he could still afford to pay rent. To cut costs, he decided to operate from home: “Unfortunately, because customers weren’t using their cars, their cars didn’t have to be repaired as often as they have been.”
Rademeyer said this trend was likely to continue with price-sensitive South Africans finding ways to save. “Commercial properties are still struggling with people working from home. Immigration is still a trend that’s going on.”He said clients seemed to prefer businesses that were more visible.
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