Big Bytes

Housing price in South Africa set to remain stable this year

In affordable and luxury housing nominal price growth continued in the first quarter of the year and reports suggest that house prices will continue to be driven by property market conditions and related factors which were affected by a combination of macroeconomic developments, the state of household finances and the level of consumer confidence. Performance of the residential property market at a geographical level is affected by economic trends in general, but these regional markets may react differently to these developments as a result of various area specific factors, such as location, physical infrastructure and the level and extent of economic development and growth. These factors may affect property demand and supply conditions, market activity, buying patterns, transaction volumes and price levels and growth.
Economists and experts are suggesting that with expected rise in interest rates, the South African economy may head for recession. It is therefore imperative that home owners make sure they get a full Comparative Market Analysis (CMA) for their property if they wish to put their house on the market. The CMA prepared by your agent will make sure that the marketing price of their home is correct and ensure a swift sale.

Leave a Reply

You may also like:

Generic

CREDAI Hyderabad checks into a new Office

The new office to have dedicated space to focus on Skill Development for members and their technical and marketing work force for enhancing efficiency & effectiveness. Hyderabad 28th May 2017 – CREDAI Hyderabad formally announced the launch of their New Office at Lumbini Mall, Road No 2, Banjara Hills . The new premises was inaugurated by Sri Etela […]

Read More
Generic

3 BHK Apartments in Velacherry, Perungudi, Chennai

Falling Waters, luxury apartments is the newest project in Perungudi, OMR. This project consists 2, 3 and 4BHK apartments ranging from 1434 sq.ft to 3365 sq.ft, giving a spacious home. The terrace gardens, auditorium, mini theatre, gymnasium and infinity swimming pool are the highlights of Fallling Waters. Phone: 81445 99599 / 95001 21234 Address: Falling […]

Read More
Generic

Gated Communities in Bangalore

Gated Community Development Gated Community Development is a relatively recent concept in real estate usage. Its name owe its origin to the integrated housing colonies which are surrounded by perimeter fencing and with watch and ward personnel manning the gates and regulating the entry and exit of outside visitors with no place for the visitors […]

Read More