What’s Happening In The Property Market Now?
Over the last few months, the FNB Property Barometer has indicated that estate agency activity was moderate across most price segments.
Yet mortgage extensions increased. More people have borrowed against their bonds or extended the repayment period.
The Deeds Registry data showed that the average home loan value has increased. This would seem to be counter-intuitive.
Low interest rates have made it possible for buyers to consider properties which were previously outside their budget.
The current low interest rates are sure to go up soon, so now may be a good time to sell.
