Exciting times are on the horizon
Key Reasons to Buy Now:
- Anticipated Interest Rate Cuts: With inflation on a downward trend, the South African Reserve Bank (SARB) will likely consider interest rate cuts by the end of the year. This means lower borrowing costs, making it an opportune time to secure a home loan and invest in your dream property.
- Improved Power Supply: Since December 2023, the reduction in load shedding has stabilized the power supply. This improvement is adding to consumer confidence and creating a more reliable environment for homeowners.
Market Conditions Showing Promise:
While application volumes for home loans and property registrations have been subdued, green shoots are emerging, especially in the first-time buyer and investor segments. The market is ripe for those ready to take the plunge.
Homeownership: A Sound Investment:
Despite economic challenges, the sentiment around homeownership in South Africa remains strong. Property is viewed as a robust long-term investment.
22 Jul 2024
Author De-Mari Shaw
