Situated in the heart of Observatory, Mitra Mews merges history with contemporary design in a beautiful, privately developed small mixed-use precinct, with a retail shop and short and long-term accommodation rentals.

The next period is set to be very challenging for the commercial real estate industry across Africa as COVID-19 takes its toll on the economy. However, according to Tim White of leading Pan-African construction solutions company Profica, logistics and warehousing have strong fundamentals in place which may see the industrial sector weather the storm and emerge with a more positive long-term outlook.

The commerical real estate industry has welcomed a positive upturn since level 3 of lockdown. One particular sector that is making waves and has seen a noticeable spike in activity over this period is undoubtedly industrial real estate.

As the COVID-19 pandemic continues to highlight the fragility of the economy and related market investments in times of crisis, it also underlines the tangibility of real estate as an option to which investors will be drawn.  And for those considering investment and/or emigration into Europe or Australia, there are other countries with far more staggering opportunities for capital growth on our doorstep.  

Property trends prior to the nationwide lockdown showed investor sentiment shifting towards mixed-use precincts as offering greater value than large, stand-alone houses in South Africa’s property market.