Why Now?
Why Now is the Perfect Time to Buy Property in South Africa 🏡
The latest FNB report reveals that residential property prices in South Africa have declined for the second consecutive year, signaling a strong buyer’s market.
According to Business Insider, as of June 2019, house prices had only increased by 3.3% year-on-year, trailing behind the 4.5% consumer price index (CPI) inflation. In real terms, this reflects a 1.2% decline in property values—a golden opportunity for savvy buyers!
What’s Driving This Buyer’s Market?
📉 Affordability – Rising house prices have led to a dip in demand, pushing sellers to lower their prices.
⚖ Political Uncertainty – While the 2019 elections provided some market stability, factors like land reform policies continue to impact investor confidence.
📉 Economic Slowdown – With recessionary pressures, the property market sees fewer transactions, meaning sellers must adjust prices to attract buyers.
Why Now is the Right Time to Buy
With lower property prices and motivated sellers, buyers have the upper hand. But when does this shift back to a seller’s market? It happens when:
✔ Demand starts outpacing supply
✔ Interest rates drop significantly, making home loans more affordable
✔ Economic and political stability boosts consumer confidence
If you're thinking of investing in property, now is the time! Get in touch with WE R PR1ME to explore incredible real estate opportunities.
📞 Contact us today! [012 940 2967
🌐 Visit our website: www.werpr1me.co.za
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