Latest Posts

New cannabis bill could see construction taking the high road

The proposed amendments to the Cannabis for Private Purposes bill that seeks to further decriminalise cannabis usage and legalise South…

Read More..

A root cause of flooding in Accra: developers clogging up the city’s wetlands

Christopher Gordon, University of Ghana Ghana has six designated Ramsar sites. These are wetlands designated under the criteria of the…

Read More..

Nigerian property crime could be reduced if neighbourhoods were better designed

Adewumi Badiora, Olabisi Onabanjo University Nigeria has a very high crime rate. The Global Peace Index ranked it the world’s…

Read More..

Inner cities are growth engines attracting young homebuyers

Inner city living is boosting the city residential property market and driving urban rejuvenation Inner cities. Love them or hate…

Read More..

Kenya’s push for affordable housing is creating opportunities despite barriers

Raphael M. Kieti, University of Nairobi; Robert W. Rukwaro, University of Nairobi, and Washington H.A. Olima, University of Nairobi In…

Read More..

Heron IVC: Walking the green talk

Waterfall is closing the loop on waste Waterfall prioritises sustainability and responsible environmental stewardship as a strategic imperative, keeping the…

Read More..

Italtile unpacks new Nordic wood looks

Introducing Helsinki EcoWood by EcoCeramic Ceràmica. Right now, the hybrid Japandi trend is rising fast, with its calming combination of…

Read More..

Flagstaff Square sets a new standard for rural retail

Flagstaff, located in the OR Tambo district in the Eastern Cape, began its existence as a trading post and essentially…

Read More..

11th Jun 2022

Architect Africa Online

Africa's Leading Architecture Aggregator

Great investment opportunities in Pretoria’s residential sector

Even though the Covid-19 pandemic has had an impact on the property market across South Africa, there are still significant investment opportunities to be had, especially in the residential sector. In line with this, Pretoria has emerged as an attractive destination with several areas showing great potential for growth, says Keabetswe Nkotswe, portfolio manager, TUHF. “There’s been steady progress, but it really has been an ongoing process of forging relationships with key stakeholders at local government, the municipalities, property developers, universities and other role players to identify the hotspots. We’re focusing on the inner city, but the likes of Silverton, Sunnyside, Capital Park and others have emerged as great investment opportunities,” says Nkotswe.

One of the major trends has been interest in family-led units in Pretoria West. However, Arcadia, Sunnyside and Gezina have proven popular with younger families looking to share accommodation with friends. A central theme behind this growth has been easy access to amenities and transport to the Pretoria CBD, Nkotswe says. Of course, the amount of higher learning institutions in Pretoria makes it attractive for student accommodation as well. But there is concern that student housing might be in a bubble that could burst at any stage. As such, there is a focus on residential accommodation – that lends itself to being adaptive if need be – as opposed to the more traditional student-residence type.

“With Pretoria generally being cleaner and more laid-back than Johannesburg, families are finding great appeal there. Convenient access to shopping centres, banks, churches, schools and transport, not to mention the nightlife in different parts of town, are all contributing to making Pretoria the perfect springboard for investment opportunities and for the post-pandemic new normal,” she adds.

Style and comfort

It is particularly multiple-bedroom units with spacious kitchens and lounges that have been in demand. The reason being that multiple individuals can rent them and have a ‘lock up and go’ setup. This is ideal for those who are staying in the inner city for work and going home over the weekends. “Given how the pandemic has resulted in many people losing their jobs, they are looking to downgrade to smaller spaces that are more affordable. And the best thing is that these multiple bedroom units are future-proof to transition into family-led environments when the time comes,” says Nkotswe. There are plenty of investment opportunities to be had, but the challenge has been for investors to come up with the required equity. Nkotswe says that many exciting buildings are becoming available in the market. “With the work from home environment being part of the new normal, many offices and commercial buildings are available. These provide brilliant investment opportunities to convert into residential spaces.”

Relationship driven

“The inner city is especially exciting for us. We have been very proactive in being on the ground and engaging with the community – from building managers to shopkeepers and other people who know the areas and understand the dynamics at play. We are passionate about community engagement, which also becomes a great awareness driver for us,” says Nkotswe.

The post Great investment opportunities in Pretoria appeared first on Everything Property.

Syndicated content from Everything Property


error

If you find this website useful please spread the word.

RSS
Follow by Email
WhatsApp