Are South African property investors losing their appetite?

South African property investors may be losing interest in their portfolios, according to Lightstone.

, people who own and have purchased three or more properties for R100,000 or more in today’s monetary term, are losing their appetite for their growing portfolios, according to Lightstone.

“It is, of course, too early to call the decline of investor volumes a trend, and we will be keeping an eye on the data as the year moves to a close” Ivins-Downes said. Residential properties made up 87% of investments, with just 13% not classed as residential and 75% were in non-metro areas pointing towards likely agricultural usage or intent.

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TheStar_news /  🏆 26. in ZA

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