FNB | 4th Quarter 2020 – Property Broker Survey Part 2
4th Quarter 2020 FNB Property Broker Survey – Commercial Property Broker Survey Respondents continue to perceive “high and rising” levels of financial pressure-related selling in the Owner-Serviced Commercial Property Sector.
We continue with the 4th quarter 2020 results of our FNB Commercial Property Broker Survey, which surveys a sample of commercial property brokers in the 6 major metros of South Africa, ie. City of Joburg and Ekurhuleni (Greater Johannesburg), Tshwane, Ethekwini, City of Cape Town and Nelson Mandela Bay.
Focusing on the key drivers of movement and sales activity in owner-serviced properties, the survey results show financial pressure to still be by far the biggest single driver. This factor became noticeably more prominent in the 2nd quarter 2020 survey as COVID-19 lockdowns hit, and has remained “elevated and rising” in the 4th quarter survey.