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  • South African Home Owner

    The COVID-19 REALTY REALITY

    Aug 07, 2020 4 minutes

    The impact of COVID-19 on the property industry has been an undeniable challenge, and felt across the globe. Putting this into perspective, Firzt Realty’s CEO Denese Zaslansky points out: “Locally, in terms of house and sectional title sales, our company experienced an 80% drop in sales for April, a 70% drop in May and in June our sales showed a 10% drop year on year.

    “The impact of COVID-19 in April and May certainly had a negative effect on buyers’ appetite partly due to not viewing the properties personally. Buyers’ sentiment changed due to the reduced interest rates where a buyer purchasing for R1-million found that,

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