On Radio 567 it was mentioned that “unprecedented” numbers of students were now applying to attend private and overseas universities in the wake of the severe disruption and violence at universities across South Africa.
As many apartments have been bought by investors for student accommodation and are purchased as three or four year investments by parents, it is reasonable to consider that there may be an impact over time due to this issue, although with supply of apartments for purchase is at present at very low levels, so it is not expected that there will be an immediate impact. If any owner is considering selling their apartment in the affected university areas, now may well prove to be a very good time to sell.
Chas Everitt’s Southern Suburbs Team represented by Lisa Rowell can be contacted on 082 844 0800 for a free no obligation valuation to assist you in making such a decision. Lisa can also be emailed on email@example.com