Henry Dauth

Tenant demand for rental property in the third quarter of 2021 remains weak. This low demand is perhaps not surprising considering that the hard lockdown in the second quarter of 2020 wiped out 14% of all jobs. Even after some subsequent initial job recovery, the unemployment situation remains concerning at 34.4%, meaning 1.4 million pre-pandemic jobs have been lost.

As South Africa battles its third wave of mass Covid-19 infections, the Real Estate Business Owners of South Africa (REBOSA) is appealing to agents around the country to reinforce their health and safety measures.

Semigration and high demand are driving a bumper year in the scenic Garden Route town where record sales have been recorded since the end of the hard lockdown in June 2020, with 2021 already Plettenberg Bay’s best year to date.