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Businesses in these areas in South Africa are under the most financial pressure
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First quarter 2021 data from FNB’s Commercial Property Broker Survey shows which major metropolitan areas in the country are still recovering from the impact of the Covid-19 pandemic.
The survey points to financial pressure amongst property owner-occupiers remaining high even after lockdown has been eased. The estimated percentage of sellers selling in order to downscale due to financial pressure remains relatively high compared to the pre-lockdown surveys, although it did not rise further in the most recent one, the lender said.
The unchanged percentage, read in conjunction with other key data, may point to a peak in the level of financial pressure-related selling being reached, and possibly some mild decline in the coming surveys, it said.