Fuel prices can impact the property market
Rising fuel costs are not only hurting your budget, but if you were looking at listing your property for sale in Berea, it could have a negative effect on your sale too. We look at some of the ways that technology and new developments are combatting this.
The last thing on your mind when looking at property for sale in Berea would be the fuel price, however, the continued hikes in price, including one scheduled for September 2018, is having an impact on the property market.
The increase in petrol prices directly affects the way we work and live, and added to this, experts in the industry are starting to point out that it is also forcing businesses to think differently, with more companies are starting to incorporate flexible working hours.
Dr Andrew Golding, who is the chief executive of the Pam Golding Property Group, says that there is increasing demand for ‘live, work, play’ suburbs around the country. This allows for employees to be within walking distance to work as well as having easy access to all the required amenities and leisure opportunities.
This can be identified with the number of mixed use developments that have been springing up all over the show.
The cost and travel options available can also impact decisions when it comes to purchasing property, but the improvements in regard to electric vehicles can go on to make a major difference in years to come.
Overseas, electric cars are becoming increasingly popular, and although in South Africa there are still few charging stations to cater for these vehicles, it is a trend that is on the rise here too.
Stats have already shown that with increased pressure on finances with fuel price increases, the housing price slows, while when prices drop and the economy makes forward strides, housing prices increase.
This vital information could be handy for those looking to sell as well as those who are inspecting property for sale in Berea.
