Bright Horizons for Purchasers and Sellers in SA
Category Principal's Message
While the South African property market has been under pressure over the past few years, statistics show a steady growth forecasted.
Property prices have stabilised and have now given both buyers and sellers an advantage.
Lower priced properties are appealing to buyers to find the best value to their benefit. Sellers are able to market their properties as potential buyers, across the board are in a more stable financial situation to purchase.
The consistently increasing interest rates may have impacted the lending rate, however the stabilisation of the property market proves positive for buyers.
Bond approvals have been evident, with some purchasers able to secure 100% bonds, depending on their application.
The most active range in the market is below the R1 Million to R2 Million range, making the market appealing to many buyers and sellers.
Author: Prime Property Marketing
