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

📆 2022/03/20 20:50:00
📰 SundayTimesZA

⏱ Reading Time:
12 sec. here
2 min. at publisher
📊 Quality Score:
News: 8%
Publisher: 51%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

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.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Write Comment

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

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.
Source: BusinessTechSA - 🏆 24. / 61 Read more »