Listening to all the negative chatter about the property market could result in you losing out, according to experts, so now might be the perfect time for you to find property for sale in Bedfordview if you want a solid investment.
There has been so many negative moments to focus on in 2018, with regular fuel price hikes along with the VAT increase. Then talk of the technical recession began after Statistics South Africa revealed that South Africa had endured two quarters of negative growth this year.
However, Berry Everitt, the CEO of Chas Everitt International Property Group, has given a stern warning to investors around the country, saying that they need to take a closer look at the statistics.
During the first quarter of the year, there was a 2.6% decline in the economy, and although the second quarter saw a 0.7% decline, Everitt says that this is actually an indication that the economy is moving in the right direction. And because of this, it means that the opportunity to take advantage of the negative sentiment in the property market will be slim. He is expecting growth to start in just a few months, which means that the opportunity to snag bargains is decreasing by the day.
“In property as in any other economic sector, following the crowd is a bad idea, because by the time general sentiment turns positive, prices will usually already be moving upwards quite rapidly and much of the opportunity to maximise gains will be lost,” he said.
He drew on a number of other positives, including the fact that there was actually a growth in the financial, real estate and business service sector in the second quarter, which contributes to 20% of the GDP in the country.
