31/07/2020
There has been an “unexpected mini-boom” in the property market.
New housing market figures for July 2020 have provided further encouragement for property investors prioritizing capital growth, with an “unexpected mini-boom”.
The latest data offered evidence of pent-up property demand being released amid the gradual easing of lockdown restrictions, with buyer enquiries up by 60 % compared to last year.
More than three out of ten new listings that were put up for sale in the first month after the housing market reopened have been marked as ‘under offer’.
This is the latest in a number of positive signals for SA property, with the government’s recently announced increase of transfer duty exemption up to R 1 million which is fuelling buyer demand and the buy-to-let sector.
For those looking to take advantage of new opportunities emerging as the housing market slowly returns to normality, now is the ideal time to look into buying your home or buy-to-let property investment.
CALL US TODAY AND WE WILL DIRECT YOU TO OUR PROPERTY ADVISORS TO ASSIST YOU IN FINDING YOUR PERFECT HOME OR INVESTMENT - Brandon 071 405 2252.
Chas Everitt - Serving South African Property Clients for over 40 years.