Covid-19 will continue to hit SA property sales
JOHANNESBURG – The coronavirus
(Covid-19) pandemic is likely to hit property sales in South Africa as earnings potentials continue to take a knock despite online searches through the lockdown.
(Covid-19) pandemic is likely to hit property sales in South Africa as earnings potentials continue to take a knock despite online searches through the lockdown.
Re/Max chief executive Adrian Goslett this week said the property market was likely to recover slowly after the lockdown despite rising interest as a result of a lower monetary policy environment in the country.
“In a recent meeting with our digital advertising partners, it was pointed out that the interest rate cuts have stimulated interest among buyers, as revealed by the increase in ‘buy a home’ search terms during this period,” he said.
Source: iol.co.za
