2018 was a challenging year for the South African property market, with negative real price growth in the residential property market and slowing market activity.

The 4th South African Women in Property Awards (SAWIPA) hosted their Gauteng Regional Awards at the Sanlam Art Gallery on the 22nd August 2018, where members of the Women’s Property Network (WPN) and women in the property industry were in attendance.

Amidst serious political turmoil, the South African property market ended 2017 on a better footing, with industrial property and flat rentals managing to outpace inflation.

A technical recession and low investor confidence has produced a seven-year investment low in the commercial property market.

Those hoping for good news for the South African property market in the 2018 budget speech were likely disappointed by the lack of change to the sector’s key influencing factors.

A “lack of vigour” may be the best way to describe current performance across the full spectrum of property in South Africa.

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