Real Estate Investor Magazine September 2024 Edition | Page 27

Ndlovu also discussed the role of technology in transforming the property sector . The integration of smart building technologies and data analytics is enhancing operational efficiencies and tenant experiences , which can lead to improved asset performance and higher valuations . owners and managers .
Future Opportunities
Looking ahead , Ndlovu identified several opportunities for growth and innovation within the listed property sector . The positive sentiment with Government of National Unity ( GNU ) continues showing better growth . Fundamentals continue to improve across all sectors . Declining bond yields and interest rate cuts in September . The two-pot retirement system is boosting short-term spending . We have had over 160 days of no loadshedding . Retail sector is showing good signs of growth .
The ongoing urbanisation trend presents potential for development in highgrowth areas . Additionally , the sector is expected to benefit from increasing foreign investment as global economic conditions stabilize and South Africa ’ s property market offers attractive yields compared to other regions .
Evolving consumer preferences , particularly the demand for mixed-use developments and flexible workspaces , could drive future growth . Property developers and investors who can adapt to these trends and align their strategies accordingly are likely to gain a competitive edge .
Outlook
While challenges remain , the sector ’ s resilience and capacity for adaptation offer a hopeful trajectory . Strategic diversification , technological innovation , and responsiveness to market trends will be crucial for stakeholders aiming to navigate the complexities of the evolving property landscape .
Keillen Ndlovu is an Independent Property Analyst . He was previously Head of Listed Property at STANLIB Asset Management ( Pty ) Ltd with over 14 years experience .

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