Property market still favourable for buyers despite inflation, says expert

  • 📰 ewnupdates
  • ⏱ Reading Time:
  • 35 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 53%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

South African property expert, Jaco Rademeye, on Friday said despite an increase in interest and inflation, it was still a buyer’s market.

CAPE TOWN - South African property expert, Jaco Rademeyer, on Friday said despite an increase in interest and inflation, it was still a buyer’s market.

But the challenge was with commercial properties as more South Africans ditched offices and business parks.He said that before the COVID-19 pandemic, business was booming and he could still afford to pay rent. To cut costs, he decided to operate from home: “Unfortunately, because customers weren’t using their cars, their cars didn’t have to be repaired as often as they have been.”

Rademeyer said this trend was likely to continue with price-sensitive South Africans finding ways to save. “Commercial properties are still struggling with people working from home. Immigration is still a trend that’s going on.”He said clients seemed to prefer businesses that were more visible.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 30. in ZA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

I'm really grateful for all the efforts you have render to me with my little investment of R4000 and with joy over me after withdrawing R50,000 with your help Catherine_nico thank you for everything you have done for me and my family Catherine_nico

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Did the market get it wrong on Shoprite?Shoprite’s year-end results showed record performances in more than a few divisions, yet its shares were punished. Fans reckon it’s a buy.
Source: FinancialMail - 🏆 20. / 63 Read more »

Did the market get it wrong on Shoprite?Questions abound after a hard selloff of Shoprite stock, despite record gains in market share. Scraped back you say. Done better than those kept scraped down. ... or dormant As a mother of two kids I have battled alot with my financial state to the point of begging from friends just to survive, until I started Bitcoin trading with the help of Allison_Grillo I made a successful withdrawal of R 200,000 with the help of Allison_Grillo. Few months back I had no way of taking care of my kids , had no job or money also struggling through the pandemic,so I decided to try Bitcoin trading with the help of Allison_Grillo I was able to earn $50,000 now am financially stable.
Source: FinancialMail - 🏆 20. / 63 Read more »

Did the market get it wrong on Shoprite?Questions abound after a hard selloff of Shoprite stock, despite record gains in market share.
Source: FinancialMail - 🏆 20. / 63 Read more »

Did the market get it wrong on Shoprite?Questions abound after a hard selloff of Shoprite stock, despite record gains in market share.
Source: FinancialMail - 🏆 20. / 63 Read more »