Load shedding’s impact on SA’s property market

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Make sure you are prepared before selling your home.

Load shedding continues to significantly reshape the attitudes of homeowners and the expectations of buyers and sellers in the South African property market.

A recent survey by Network24 suggests that half of all households eat out more due to load shedding, resulting in higher food costs. In addition, they are losing money from refrigerated or frozen food spoiling more often. An important consideration is that those who can afford to will seek out homes in gated estates first, to ensure their security during load shedding. So, selling a free-standing residence in their price range may prove more challenging. This intensifies the trend, especially in Gauteng, of movement to gated estates away from freestanding residences.If none exists, the house must be readily suited to alternative energy installations.

 

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