JOHANNESBURG (CU)_Just like in every other country in the world, the COVID-19 pandemic severely affected the lives and livelihoods of millions of people in South Africa. Nationwide lockdowns triggered by the deadly Coronavirus saw a sharp increase in unemployment and consumer demand, as businesses were forced to shut down and investments reached record low levels. The situation had a significant impact on the country’s housing market, with the potential buyers finding the dream of accessing a safe and affordable home more remote.
However, now with the economy beginning to recover from a historical downturn, so is South Africa’s housing market and more individuals in the African nation have begun to buy homes at breakneck speed. Recent figures show that in the second quarter of this year, the total value of home loans granted across the country amounted to…
