Despite current concerns around South Africa’s economic growth, property still provides a solid investment.
“As a first-time buyer, you are spoiled for choice, which means you have the upper hand to ‘shop around’ to find a suitable home at a good price.” “Buyers who were holding off prior to elections, feeling reassured by the stable prime lending rate were more likely to submit their bond applications,” Zwiers said.
Due to lower deposit requirements and competitive interest rates, a significant window of opportunity for prospective homeowners has been opened. First-time buyers and young professionals are particularly active in the lower residential property price brackets where new developments and even more established suburbs, offer good value.