South Africa’s property market comeback

Now might very well be the moment you have been waiting for if you are wanting to get into the property market and want to find the perfect property for sale in Moot. With property seeing an increase in the second quarter when compared to the first quarter of 2018, it would be the perfect opportunity to make that investment in property. With so many wonderful areas to choose from in South Africa, you are really spoilt for choice, with everything from small, intimate towns to the beautiful, sunny coastal cities, you are bound to find something that tickles your fancy.

When comparing the growth of registered bonds, the 20% increase to the first quarter is clear evidence of the positive improvements made in the South African property market, with a total number of 6100 more registered bonds than the previous quarter. Another positive influence in the property market that needs to be noted is the fact that there were 1916 fewer cancellations when compared to the first 3 months of 2018.

It’s been advised by Adrian Goslett, the Regional Director and CEO of RE/MAX Southern Africa that now might actually be the perfect time to enter the market, before prices really start to spike once again.

A clear indication of this improvement in the property market of South Africa is when you take a look at the performance of the higher end of the market. Often, this is the first place where you will see recovery start to happen, and with houses over the value of R1.5 million enjoying more sales, it is a strong indication that the market is recovering and better times are ahead.

It is said that this upswing in the property market will carry on well into the third quarter as long as the fuel price stabilises and the political situation continues to improve.