Though it takes about four months to sell the average house in SA — up from two months in the mid-2000s, according to FNB’s figures — anecdotal evidence suggests that sellers in many of Joburg’s unsecured neighbourhoods are having to wait at least six to 12 months to find a buyer. This is particularly so for standalone houses priced R3.5m and up.

However, the city’s new-build sectional-title market is seemingly bucking the trend. Luxury mixed-use developments that offer a residential component as part of a live, work, play and shop lifestyle offering are reporting healthy sales activity.

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, Morningstar financial data, and digital access to the Sunday Times and Times Select.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00.