Real Estate Investor April 2022 | Page 75

pockets of resilience and growth in certain geographical areas and price bands , Ivins-Downes says that until the macro environment improved , it was unlikely the property market would either . Gauteng ( see graph below ) remained the province with the most property activity , with 129 960 transactions in 2021 , just short of the total number recorded in 2018 .
The Western Cape was next highest , with 76 941 transfers registered in 2021 , significantly up on the 54 400 transfers in 2020 and the best year since 2016 . In fact , 2021 reversed four years of decline , and a combination of low interest rates , better run municipalities and work-from-home / semigration would more than likely account for the change .
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