South Africa’s economic performance and those of other markets directly affects the country’s property market. The slowing economy, low growth in employment, real household disposable income and tight credit due to deteriorating consumer credit-risk profiles are affecting the property market negatively.
On the positive side, we have seen some major improvements in the commercial property market, especially in the retail sector with many regional shopping centres emerging. We have also seen increased corporate activity on the JSE property rates, specifically the Real Estate Investment Trusts (REITs). Due to the recent change to the corporate structure of listed real estate companies in REITs, the foreign listed funds are also able to invest in their property products more freely.
Middel & Partners have been involved in the property sector for over 24 years. We specialise in advisory services to property development, property management and corporate finance for property projects in Southern Africa.
Contact us today to speak to one of our consultants.