As early Gen-Zs are looking to make their first home purchases, millennials are wondering about moving into a larger home or putting a toe in the property investment waters.
Comparing Cape Town and Johannesburg, resale activity in 2023 in the latter was at 16%, while in Cape Town it was at 17%. She adds that it is not a surprise that Johannesburg’s resale activity wasn’t far off from Cape Town’s, as there are still great opportunities in the City of Gold.It is important to go back to basics when buying a property.
Another tip she gives is to get pre-approved. “Before looking at a single showhouse or clicking on a property to view it, get your pre-approval so that you know what you qualify for in terms of the bond repayment.” Sandton – “Known as the financial hub of South Africa, it’s a prime location for both residential and commercial investments. There is always a high demand for rental properties from professionals working in the area.”
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