Johannesburg is the most affordable metro in the country whether you want to buy or rent, according to agents from the Seeff Property Group.
Greater Johannesburg continues to see the largest influx of people migrating to the big cities in search of economic opportunities, and they are still finding good value. Rochelle Holland, manager for Seeff Johannesburg North-West, said that while buyers in the mid- to lower price categories are more sensitive to interest rate hikes, the upper-end market in estates have seen excellent sales of luxury homes selling for upwards of R6 million.
While the prospect of the interest rate cycle turning has been pushed back to the end of the year, the cloud of uncertainty about when the cuts are coming is clearing up.