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As we close out our first full week within the national lockdown in SA, South Africans in general have responded positively to the legislations imposed by the government. The full effect of the SA lockdown across all sectors of the real estate industry will only emerge in the next few weeks, however, clear trends are already visible in the retail sector with a huge drop in foot count as well as increased request for rent relief from line shops and non-essential operators. The knock-on effect of reduced turn-overs will be felt in the long run across all sectors in the real estate industry. Broll Property Intel has released a special COVID-19 Data Hub 2020 Report to track and stay abreast of current COVID-19 SA news and trends. Make sure to download the full report via our publications page.
Edit: Vol. 5.4 (July 2020) now available!