PROPERTY INTELLIGENCE
to the extent that was expected .
TREND 3
Green & off the grid
With the latest spate of level six load shedding , going off the grid is becoming more and more popular for obvious reasons . The fact that so many people continue to work from home , also adds to the appeal . This trend will continue to build momentum , and I forecast that in certain market segments , alternative energy sources that can be used as a backup will become a standard requirement . Until such time , buyers will certainly be willing to pay a premium for properties that are off-grid ( or mostly off-grid ). We are also likely to see more and more new developments where there is a focus on providing at least backup power during load shedding .
It ' s great news that South Africa is fast becoming more eco-conscious , and this trend is being reflected in the property market . We are seeing an increasing number of residential and commercial buildings being developed with green principles in mind .
And not only does this make environmental sense , it makes financial sense too .
72 OCT 2022 SA Real Estate Investor Magazine