Over the past three years, the KwaZulu Natal (KZN) property market has enjoyed unparalleled growth, outperforming other provinces as an investment destination. And yet, it is still considered one of the best kept secrets in the country!

Wednesday, 10 March 2021 18:30

Young investors give property the thumbs up

The future of South Africa’s housing market is looking bright, as aspirant buyers between the ages of 18 and 24 are the most optimistic about the merits of investing in property.

As the property market continues to heat up and shortages of homes for sale in certain areas and price brackets start to develop, hopeful buyers and investors are increasingly turning to estate agents directly and paying them a fee to go out and find suitable properties.

During the third quarter of 2020 (Q3 20), South Africa’s COVID-19 lockdown moved from Alert Level 3 through to Level 1.

Further repo rate cut would have provided relief for economy and boosted housing market, says Dr Andrew Golding.

So asks Dr Andrew Golding, chief executive of the Pam Golding Property group.

If you’re considering selling your home, now is a good time to do it. The combination of record low interest rates, and a surge in buyers looking to buy new homes since the end of the hard lockdown, means the local property market is ‘extremely attractive’ for sellers, says residential property experts  Leadhome.

With the interest rate at its lowest in decades, after the welcome announcement today of a further 25 basis points drop in the repo rate, it may now be more financially prudent to buy rather than rent a home.

Property in the Western Cape is regarded by many as among the most expensive in the country, and for first-home buyers, often completely out of reach. 

The property market is holding steady in challenging times, with the lower end of the market accounting for the bulk of home loan applications.

Page 1 of 19

Most Popular

SA property visionary John Rabie announces new global property joint venture

Mar 15, 2021
LX_LIVING_Lisbon_Portugal
Capital, the Geneva based property investment, development and asset management-business,…

Repo rate unchanged at 3.5%

Mar 25, 2021
Lesetja_Kganyago_SARB_Governor
The Monetary Policy Committee has decided against altering the repo rate, deciding to…

Court finds against EAAB in battle for FFCs

Mar 16, 2021
Tony C
In a scathing judgement handed down from the High Court on 15 March, the failure of the…

KZN residential property market poised for upswing

Mar 15, 2021
Sershin_Moodley_TUHF
Over the past three years, the KwaZulu Natal (KZN) property market has enjoyed…

SARB to hold but is a rate hike around the corner?

Mar 16, 2021
SARB_to hold_rate_hike
The South African Reserve Bank (SARB) is set to hold the repo rate at the 23-25 March…

Please publish modules in offcanvas position.