A roadmap for SA’s property developers

As a property developer, your biggest risk is delivery, especially in current times with the property sector having become substantially more cost-driven over the past decade.

Covid-19 has diminished returns and over the next five to ten years we expect to see continued growth in cost-sensitivity. The need for property remains though – people are still buying houses and apartments. In fact, the trends (in urban areas) show that consumers are searching for an upmarket aesthetic even when they don’t necessarily have the means to purchase at that level.

The challenge – and opportunity – then, is for developers to bring the desired aesthetics to market, while still keeping their offering budget-friendly.