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Gauteng office market could take five years to recover, say property experts

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Gauteng’s office market, battered by remote working and high vacancies due to a weak economy and oversupply dating from before the pandemic, could take up to five years to recover, say experts.

Gauteng’s office market, battered by remote working and high vacancies due to a weak economy and oversupply dating from before the pandemic, could take up to five years to recover, say experts — but markets in

Cape Town and Durban are in better shape...A subscription gives you full digital access to all Sunday Times content.Registered on the BusinessLIVE, Business Day or Financial Mail websites? Sign in with the same details.

 

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Semigration fuelling Cape Town property marketEarlier this year Lighthouse Properties reported that 43% of homeowners who sell their properties in Gauteng, buy another property in a different province, and of this percentile, 36% are buying in Cape Town and the Western Cape.
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