Positive strides expected in 2019

If you have been wondering about buying property in Durban recently, then experts believe that the time to buy is now, as things could change later on in 2019.

Staying up to date on all matters relating to the property market is simplified on the Private Property website, with constant posts regarding important issues.

In a recent article, they looked at the expert predictions for 2019, and many felt that people wanting to enter the market should do so before the elections take place.

Last year was a difficult one for many, and the property market was in a slump due to uncertainty around land reform and the slower economy.

However, stability is what creates consumer confidence and will be vital in the market turning around. With the elections set to take place in May, signs of recovery may follow.

As it stands, the market is heavily in favour of buyers, and first-time buyers are best placed to enjoy maximum returns. But the window to take advantage of this is shrinking.

Paul Stevens, who is the CEO of Just Property, said, “We are in a buyer’s market and this will continue through most of 2019. Those who qualify for finance or who are able to buy for cash will be in a good position to take advantage of the current conditions. Most of the property sales activity in the past year has been in the R300 000 to R1 500 000 range. During the course of the coming year, I expect this to continue.”

Despite this, all of the experts agree that it will be a long road to recovery, but the fact that there are positive signs on the horizon allows for a little optimism as to what 2019 could bring.