South Africa Real Estate Industry Report: Investment in the Alternative Property Market Increased at the Expense of the Industrial and Commercial Sectors - ResearchAndMarkets.com
The South African real estate market is fragmented and includes numerous local and global players.
- The South African real estate market is fragmented and includes numerous local and global players.
- Property price growth has remained steady, including throughout the pandemic, although some subsectors, such as commercial properties, were significantly affected.
- Investment in commercial real estate grew for the second consecutive year in 2021 but dropped by approximately 20% in 2022.
- This report focuses on the real estate industry which comprises commercial, industrial and residential properties, as well as property development, property valuation and bond origination.