SADC PROPERTY MARKETS WEIGHED DOWN BY COVID AND EXPAT DEPARTURES
While South Africa’s housing market continues its post-Covid lockdown bounce-back, driven by the low-interest rate and favorable mortgage lending climate, especially in the low to middle-class suburbs, it has been a mixed bag for neighboring SADC countries.
According to Samuel Seeff, chairman of the Seeff Property Group, these real estate markets are diverse, often with high-interest rates and large rental components affected by factors such as a decline in income, business closures, and ex-pat departures.