Experts say that the right time to buy is right now

If you’ve had your eye on property for sale in Durban in recent months, then the expert advice is to go with your gut and take the plunge as soon as possible. If you stay up to date with the latest developments in the market via the Private Property website, then you will know that there are some interesting signs to take note of currently.

In a recent post, they contact various industry experts around the country to discuss the outlook for 2019, and many believe that it is only a matter of time before the market starts to make forward strides once again. This may seem difficult to believe after the storms of 2018, where South Africans were batted by an endless amount of increases.

However, stability is what will bring about change, allowing consumer confidence to thrive and this will go on to assist the property market in recovering. The elections are scheduled for later this year, and with land reform having been given more and more clarity, the hope is that after the elections recovery can slowly start.

This is why buyers are encouraged to hit the market now, especially first time buyers, as there are still numerous bargains available which would ensure maximum returns on your investment when you eventually decide to sell.

Paul Stevens, who is the CEO of Just Property, said, “We are in a buyer’s market and this will continue through most of 2019. Those who qualify for finance or who are able to buy for cash will be in a good position to take advantage of the current conditions. Most of the property sales activity in the past year has been in the R300 000 to R1 500 000 range. During the course of the coming year, I expect this to continue.”