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Market & Opinion
Index shows record low rental growth in 2020
09 Mar 2021
The PayProp Rental Index annual review for 2020 has confirmed the devastating effects of lockdown on the rental market in South Africa. In the final quarter of 2020, rental growth (measured year on year) was even lower than in Q2 and Q3 of 2020. In November, for the first time since the Index launched in 2012, growth was negative - the average rent was 0.3% lower than in November 2019.
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Technology
Plans to build a conservation park worth R100-billion in KwaZulu-Natal
16 Nov 2020
Plans to build the most technically advanced conservation facility in KwaZulu Natal are underway. A British entrepreneur, Richard Prinsloo Curson is crowdfunding to support an ambitious project fittingly dubbed Noah’s Ark.
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Market & Opinion
Here are the emerging trends among property buyers & sellers
28 Sep 2020
Lockdown restrictions may have eased, but life has still been altered by the effects of COVID-19. A few months outside of Alert Level 5 and 4 have allowed real estate professionals the opportunity to spot the emerging trends among property buyers and sellers during this tumultuous time.
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Market & Opinion
KwaZulu Natal's North Coast has made a comeback during lockdown
13 Aug 2020
After almost three months without the ability to buy and sell real estate, the property market has seen a flurry of activity since real estate became fully operational again. This resulted in the largest real estate group in Southern Africa, RE/MAX SA, reporting a record-high sales month of 2.38 billion in June. Certain regions within the group, namely KZN among others, stand out as being the forerunners for this recovery.
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