Buyer's market prevails

While the interest rates have not further increased in the past month, homeowners have faced the challenge of an increased repayment rate.

The following repayment hikes have been evident in bond spectrums;

R750 000.00: + R2000.00

R1 Million: +R3000.00

R5 Million: +R15 000.00

Despite the increases in the interest rates, the market remains in favour of a buyer's market. Sellers will have to accurately price their properties to ensure a potential sale.

The banks continue to lend to potential and worthy purchasers, which makes it appealing to buyers as it is very favourable to them.

Property still remains a sound investment - contact your agency to assist you in finding you the perfect property!