What to expect for the Gauteng property market in 2019

The South African property market is not expected to show any large degree of improvement and growth in 2019, especially due to factors such as the land issue. Property experts say they are however optimistic that we may see some slight of improvement as 2019 progresses. Overall, however, SA’s property market is expected to as it did in 2018 over the next couple of months.

Recent residential developments

Property experts say recent residential developments can a expect a continued decrease in enquiries in 2019, especially in the middle and upper end of the market in locations like Rosebank and Sandton and its surrounds, due to several buyers and investors in the segment taking on a wait-and-see approach.

Residential rentals

Even under continued economic pressure and tightening household budgets, residential rentals have been in good standing, and this sector of the residential market is expected to continue performing relatively well during 2019.

Commercial

In 2018 the commercial sector of the market experienced testing trading conditions, particularly in office space, although movement has been there. Limited recovery, growth or transformation is expected in the commercial segment for 2019. Most sales have come from end-users as opposed to investors and have mainly come from the R3m to R50m price brackets. Not much growth or change is expected in the commercial space in 2019.

Re-sales from residential

This market segment saw average trading conditions throughout 2018 with greater activity compared to other residential categories. No great changes are expected in this market sector in 2019. Residential rentals and properties for sale within the business hubs such as Rosebank, Bryanston and Sandton.