A:
The impact of the lockdown on the desirability of sectional title properties presumably will be driven by the length of the lockdown and the fear of possible future outbreaks, coupled with affordability factors, given the economy is likely to remain in the doldrums for some time.
“There is likely always to be a demand for affordable units, particularly in Johannesburg and to an extent Pretoria, as young people flock to Gauteng for work and first-time buyers typically show a preference for sectional title properties.
South Africa’s age profile, coupled with the lock-up-and-go lifestyle and rising maintenance and utility costs, all favour sectiona-ltitle properties.
– Sandra Gordon, Pam Golding Properties senior research analyst