SA property market showing signs of strengthening
If you are hoping to take advantage of better prices in the property market, now may be the time that you should consider looking at property for sale in Mpumalanga. This is the latest advice after there were positive signs in the second quarter.
There was some positive news in the second quarter of 2018 in regards to the South African property market, so if you are consider looking at property for sale in Mpumalanga, then now may be the time to do so.
This advice comes from experts in the property industry, as they have pointed out that there have been a number of positive signs between the months of April and June.
This is after a slow start to 2018, where there was also a dip in positive sentiment across the board due to the early political unrest as well as the land reform issue which created a lot of tension.
Adrian Goslett, who is the Regional Director and CEO of RE/MAX Southern Africa, touched on the performance of the second quarter, pointing at Lightstone data that tracked some of the numbers.
In the second quarter of 2018 it was noted that around 38 000 bonds had been registered, which marked an increase of around 20% when looking at the performance in the first quarter.
Added to this, there were less bonds being cancelled when comparing the two periods, with 1900 less cancellations.
One of the major signs that signal strengthening in the market is better performance at the higher end. This was experienced in the second quarter, with both transactions over R1.5 million and transactions over R3 million increasing.
Giving an overall summary of the current standing, Goslett added, “As predicted, the second quarter of 2018 has proven to show signs of a strengthening market. Provided fuel price hikes settle into more sustainable territory, and our political climate remains stable, we predict steady growth to continue into the third quarter of this year.”
