14/01/2020
What to expect: 2020 property trends
The millennial market
Our millennial generation is...growing up. That said, the millennial generation does seem somewhat committed to being 'Generation Rent', which is good news for property owners. Rental properties remain in high demand across South Africa and we believe that this will simply continue to grow as we move into the next decade.
Mixed-use developments for millennials
The demand for mixed-use developments remains on the rise, as these directly respond to a typically millennial need for blending work, play and lifestyle needs. Urban living opportunities, matched with significant attention paid to urban regeneration projects across South Africa, may usher in renewed demand for interesting, purposeful living spaces.
Affordable housing market
We noticed an interesting development in the South African property market in 2019: the affordable housing market is... booming. And, if 2019 is anything to go by, then this is set to continue as one of our surefire 2020 property trends. And, as the need for affordable housing options grows, we firmly believe that this section of the South African property market will continue to boom in the coming decade.
Sustainability as a lifestyle
We wouldn’t even consider this another one of our 2020 property trends; it’s simply an essential move for everyone on the planet. Whether compelled by purpose, cause or circumstance, the need to create and follow through on more sustainable living choices is now part and parcel of modern living. 2020 property trends reflect this already, as the demand for eco-friendly properties continues to grow.
Our recommendations for the next decade
In whichever way you approach this new decade, remember this: your home is what you make it, so enjoy it!
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