SA Economy during these trying times.
Category News
SA Economy during these trying times.
Much of the country came to a standstill last week as thieves ran rampant through KwaZulu-Natal and parts of Gauteng.
Too soon to see the impact of recent events, the property market is again under strain.
We believe it won't damper the overall buyer effect but may lead to some provinces and metropolitan area outperforming others.
House prices are always a good indicator of the state of the market, the SARB Repo Rate Forecast indicate a 3% increase over the next 6 months.
The latest Lightstone report (June) puts the annual house price inflation, as of May 2021, at 4.9%, with price growth increasing across all provinces.
Also encouraging is that the time of properties are staying on the market remains at about eight weeks.
Properties listed at the correct price get offers within 7 days of listing.
Lifestyle Property Group Performer of the Month, Gerhard Botha, listed a property in Brackenhurst and sold it within five hours.
Hardworking Realtors grasping the importance of IT, having a good CRM and a hands-on Principal is the basic ingredient of any Performer Lifestyle Agent.
- It's a Lifestyle
Author: Frans Van Staden
