Gauteng’s property market lags other metros

The report, which looks at broker perceptions of buying/selling market activity by major commercial property classes, shows that the three major coastal metros of Cape Town, Nelson Mandela Bay and Ethekwini all outperformed Gauteng in 2021.

“Johannesburg’s reading is hardly surprising. High vacancy rates in its northern nodes probably aren’t encouraging to investors at the moment,” FNB property economist John Loos said. “Improving communications technology enables more highly skilled and affluent people to live and work elsewhere,” he said.that the trend towards Cape Town can mostly be attributed to a move away from crime-and-grime and towards a slower, safer, quality lifestyle in the small to large towns.

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mailandguardian /  🏆 2. in JP

Wow - chilly elsewhere in Jozi I see! Or is it just the realty price freeze?

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