JUST PROPERTY
What Global Trends can Property Investors Leverage ?
A Connected Global Village & the Call of Africa COVID-related lockdowns have created a global village that is more connected digitally than ever before . While South Africa has always been an alluring short-visit travel destination , it now also appeals as an extendedstay destination to those who can remain for longer because they can work remotely . Property investors can tap into the potential offered by both short- and long-stay accommodation demands from the international community .
Look for property features that align with a discerning resident / tenant :
• Environmentally efficient
• Digitally enabled / smart
• Secure
Well-appointed for a Comfortable Lifestyle Secondly , technology is delivering property-investment opportunities through property platforms that facilitate real estate investment anywhere in the world , for prices sometimes as low as $ 1 000 ( R14 230,30 ). An example of this is Wealth Migrate .
office buildings and retail properties have been severely impacted by COVID . Recovery will happen , but it will take time . Embattled property owners will need to get creative in the meantime . However , affordable housing and industrial real estate ( e . g . cold storage , warehouses and distribution centres , and data centres ) are two sectors in high demand . Look for opportunities to turn a hotel in the heart of the city into an affordable housing project or at converting a retail building into a distribution centre or warehouse .
What Opportunities Exist for Beginner Property Investors ?
Favourable Market Conditions … Interest rates are at a 50-year record low , which favours investment returns . Further market indicators tell a positive story . Our industry partners , BetterBond , are reporting year-on-year increases in first-time buyer income , approved loan amounts and purchase prices , and Lightstone properties reports that the current annual property inflation rate is at 4.56 %.
Developments that meet these criteria : Solaris Crest & Admiral Beach
Re-imagining Existing Spaces Hotels and entertainment venues ,
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SA Real Estate Investor Magazine JULY 2021 7