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Developers’ predictions post-Covid-19
Office and retail buildings expected to be sidelined while demand for secure and compact living rises.
The nationwide lockdown and transformed lifestyles are going to dictate which property developments come to the fore as developers respond to changed demands.
Office developments are among those that might be sidelined, says FWJK chief executive Dave Williams-Jones, explaining that companies have overcome the difficulties associated with working from home. This could boost the remote working trend which was emerging pre-lockdown.
“We expect this trend to continue until such time as the economy moves from recession to positive growth.” On the residential front, Williams-Jones expects more compact living and co-living space type residential developments to come to the market. Residential developments will always continue and there are constant new entrants into the market, says Rabie chief operating officer Colin Anderson.
“Demand and supply are as old as time and I believe that this market is the most resilient. Safety, security and convenience remain top priorities and developers who can offer a great product at competitive prices will continue to do well.”Â
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Researchers find 'huge discrepancy' between reported number of Covid-19 fatalities and excess deaths An estimated 17 090 more natural deaths than expected between 6 May...
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Spur's restaurant sales plunged over 80% since the start of lockdown All the restaurant chains in Spur Corporation's stable have reported...
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