Perfect time to enter the property market
There is no better time than now to search for property for sale in Nelspruit in 2018, according to property experts. This is because the South African property market on a whole saw a positive turn in the second quarter of the year.
Now is the time to be looking at property for sale in Nelspruit, according to experts in the industry, as there were signs that property prices could rise once again in the near future.
The reason for this is that there were many positive signs to see in the second quarter of 2018, after a very slow start to the year.
At the beginning of 2018 there was political uncertainty as well as major concerns over the land reform issue. However, government set out to provide more clarity and this seems to have eased some of the tensions being experienced.
Adrian Goslett, who is the Regional Director and CEO of RE/MAX Southern Africa, went over some of the key points that highlighted the positive feel, and made use of some Lightstone data to back up the claims.
In the second quarter of 2018 he pointed out that there had been around 38 000 bond registrations, which meant that the total was up by 20% when compared to the first three months of this year. He also revealed that there had been less cancelled bonds in that same period, with 1900 less than they had seen in the first quarter.
One of the major talking points was the fact that the higher end of the market was seeing some upward movement. Properties valued above R1.5 million and R3 million both saw increased transactions, and this end of the market is often the first place to see recovery.
Providing his overall impressions of the current state and things to come, Goslett added, “As predicted, the second quarter of 2018 has proven to show signs of a strengthening market. Provided fuel price hikes settle into more sustainable territory, and our political climate remains stable, we predict steady growth to continue into the third quarter of this year.”
