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Johannesburg Real Estate Market Overview - Q2 2012

​Key Highlights for this quarter:

  • As growth expectations for South Africa's economy were revised down by major banks and international financers due to international economic environment, cautiousness from both landlords and occupiers is expected.
  • The current downgrading of large global economies is also having a bigger impact in the commercial real estate market than was initially anticipated.
  • The reluctance to start bigger speculative developments in the industrial market is an indictaion of the cautiousness of property investors exacerbated by the subdued economic climate which may persist for the next few months. 

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