Property Market Looking Good .... 2025
Category News
PROPERTY MARKET LOOKING GOOD .... 2025
The outlook for property sales is looking increasingly optimistic, driven by positive indicators such as repeated petrol price cuts, a seemingly imminent interest rate cut, and improved confidence.
Key Trends:-
Rebound in House Prices:
National house price inflation continues to rebound, rising to 4.7% in July 2024, with contributing factors including the recovery in the two lower price bands below R1 million and R2 million.
Increased Activity:
All major metro markets, including Johannesburg, are showing signs of recovery, with increased buyer enquiries and attendance at property viewings.
Luxury Market Strength:
The luxury end of the market has seen remarkable strength, with significant reductions in stock levels driving up prices.
Gauteng's Resurgence:
Gauteng has regained it's top spot as the largest market for planned residential building activity, with developers identifying demand of homes in the region.
Regional Insights:-
Johannesburg's residential property market is expected to return to positive territory, compared to year-earlier levels, later this year. Areas North of Durban are also rebounding, with increased interest in residential estates and the Umhlanga beachfront.
Start investing in property, the future is looking good...
Author: Frans van Staden
