News About The Current Property Market
Right now, the property market is very buoyant.
There seems to be a pent-up demand for properties in Sandton. One of the reasons is the low interest rates. Another factor is the easing of the lockdown restrictions. Additionally, there is a higher volume of properties available on the market.
We sold 4 properties during December. This was probably due to the banks easing their credit approval requirements.
Recently sellers have decided to downscale due to high electricity, insurance and security costs. If you’re thinking of selling, now may be a good time because there is an increase in demand for properties in the R2.5 – R3 million range.
