Property sector struggling in South Africa

File picture: Richard Vogel/AP.
CAPE TOWN – 
Office, industrial and retail property brokers perceive market activity to have declined in the fourth quarter of 2019, a survey showed yesterday. 
The percentage of respondents who believe market conditions to have been satisfactory in FNB’s Fourth Quarter Commercial Property Broker Survey fell for the 3rd consecutive quarter, from 49 percent in the third quarter, to 31 percent in the fourth quarter.
When brokers were asked for their ratings of market activity levels, they were the most upbeat about the industrial and warehouse market.

Source: iol.co.za