Investment Market Update Q2 2024
A pick up in residential and commercial investment activity despite the quiet market
31 July 2024
Key Highlights
- There was a pick up in residential and commercial investment activity despite the quiet market in Q2 2024.
- However, it would take uncanny bravery or foresightedness to buy or sell in the current market. Even though the number of sellers outnumber the buyers, the bid-ask gap for properties will remain until interest rates ease.
- Market sentiments continue to remain at muted levels as buyers and investors continue to wait for interest rates to drop, and/or for prices to be rerated. As the hospitality and retail sectors show the greatest potential due to normalising tourist patterns, deals waiting in the wings can be expected once interest rates show signs of decrease.
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