The Methodology – The FNB Commercial Property Broker Survey assesses a sample of commercial property brokers in and around the 6 major metros of South Africa, namely, City of Joburg and Ekurhuleni (Greater Johannesburg), Tshwane, eThekwini, City of Cape Town, and Nelson Mandela Bay. Given FNB Commercial Property Finance’s strong focus on the “Owner- Serviced” market, a pre-requisite in selecting broker respondents is that they at least deal in owner-serviced properties, but a portion will also have dealings in the developer or investor markets as well as in the listed sector. In this report we focus on the part of the survey where we ask respondents to rate their perception of the buying/selling market’s (i.e., not rental market) activity levels on a scale of 1 to 10, 10 being the strongest activity level rating.
Broker Business Confidence increases in 4th quarter of 2024. Before we survey activity level perceptions, we ask all respondents to state whether they find business conditions “satisfactory” or not, in the form of a simple “yes or no” answer. In the 4th quarter of 2024, the percentage of respondents experiencing conditions as satisfactory was slightly higher than the previous quarter, rising from the prior quarter’s 44%, to 46%. This was the 2nd consecutive quarter of increase.
John Loos – Senior Economist: FNB Commercial Property Finance. He writes in his personal capacity.
