Africa: Covid-19 Crisis Set to Create More Property Investment Opportunities

analysis

CEO of Izandla Property Nonhlanhla Mayisela: 'Property is a long term and patience game... If you are in it for the long haul, you are set to see some form of value.'

One industry that the Covid-19 pandemic seems to have created investment opportunities for income-chasing investors is the real estate industry.

Whether it is purchasing shares of real estate companies on the JSE or a residential property that will generate rental income, opportunities are apparently many. But there is an important proviso: you must be willing to take a long-term view on investment.

This is according to the CEO of Izandla Property Nonhlanhla Mayisela, who was in conversation with Business Maverick's Ruan Jooste and Chris Immelman, the MD of Pam Golding International, about real estate investment opportunities.

"Property is a long term and patience game... If you are in it for the long haul, you are set to see some form of value," said Mayisela.

"On the back of an economy that is not growing, you are not going to see meaningful growth in the industry for a long time. For anyone looking at the local real estate market, maybe the market might recover in the next three years....

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