Although South Africa’s property market has experienced several issues, property sales in Johannesburg have continued to grow over the last six months. <\/p>\n\n\n\n
\u201cJohannesburg is clearly still the engine room of the SA economy, and home to most of the country\u2019s top business leaders, industrialists and entrepreneurs as well as an increasing number of affluent foreign investors. Ambitious young people from smaller towns and less developed regions also continue to move here in search of employment and a better lifestyle,” Chas Everitt International’s Rory O’Hagan said. <\/p>\n\n\n\n
\u201cAnd as a result, our office has been achieving more than R100 million worth of registered sales per month in the northern suburbs since January.”<\/p>\n\n\n\n
“It is also significant that only a handful of those sales fell into the luxury and super-luxury categories, and that by far the majority took place in the R2 million to R5 million price bracket, as this indicates broad spectrum demand. A recently-concluded R71 million sale is not included in these figures either.\u201d<\/p>\n\n\n\n
He added that there is still strong interest among buyers returning to Johannesburg after moving to less-populated areas across the country during the pandemic – a reverse semigration trend of sort. <\/p>\n\n\n\n