Experts say South Africa’s housing market will level out in 2022 – here are other trends to look out for

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The recent interest rate hike, growing limited inventory for buyers, higher prices, and the continued flexibility to work remotely will see the housing market level out in 2022 from the growth experienced in the past year.

Although things might level off a bit, it by no means will turn down, the growth in property prices and trends like first-time homebuyers joining the property market will continue, said Antonie Goosen, principal and founder of Meridian Realty.

Globally central banks are supporting economic growth and I am hoping that the SARB does the same in 2022 and that we will not see another hike in the repo rate, said Goosen. Sonja Thielen, property specialist for Meridian in the Stellenbosch area, said she is seeing pace of sales in 2021 beginning to cool and that home buying will level off, but it will help to increase the number of homes for purchase.

“With software available from companies like WeconnectU, they can act like asset managers who have the tools and software to deliver the monitored returns you would come to expect from a financial professional who manages money and securities on behalf of a client, with the goal of growing the value of the assets.”

 

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