To buy or not to buy!

While a drop in the interest rate is likely to increase the competition and property price, now is a good time to buy.

Prevailing market conditions do prove favourable to buyers as property prices are at a significant low, thus contributing to a buyer's market. A buyer's market consists of fewer buyers with more properties on the market and therefore less competition.

Negotiations on prices are more likely as sellers are willing to accept lower offers to conclude a sale.

Should you wait for the interest rate to drop, prices of properties are expected to increase, thus costing you more on the purchase.

Consult your trusted agency to assist you and advise you on the best options for you.