While location used to be the key factor in picking a good property, the impact of Covid-19 will mean that innovation is likely to be just as an important factor for years to come, says Riyaad Khan, transactor in the Real Estate Investment Banking team at RMB.While the full extent of Covid-19 on the South Africa real estate sector in the long term is unknown, Khan said the ‘old rules’ of property have already evolved.Khan said that property owners are already repurposing properties, but this is just the start as demand for commercial space is likely to drop even further as a result of a systemic fall in demand from the pandemic.

Source: Further Africa