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End of the 'bonanza': Homeowners with bonds will feel the heat over the next year - report

iStock The property market is indirectly linked to the fortunes of the economy and, therefore, if one has a pessimistic outlook for South Africas economy, then one must also have the same view on property, according to property economist Erwin Rode, CEO of Rode and Associates.  "The most important fact to consider in looking to the future of SAs economy is that it is on its knees, not only due to the Covid-19 pandemic, but also due to structural factors and the fiscal r...
South Africa Erwin Rode அர்‌விந் சவாரி
Source: news24.com

Property trends that shaped SA's residential sector in 2020

Property trends that shaped SA’s residential sector in 2020 Myles Wakefield Like many industries, the residential property sector felt the impact of Covid-19 and lockdown effects. Myles Wakefield, Wakefields Real Estate CEO, says the market was a rollercoaster ride – stopping, starting, then coming to a complete halt. “In June when the sector could trade again, we experienced a surge in buying which has continued since,” says Wakefield. Buying activity was fuelled by the 50-year low int...
Cape Town Western Cape South Africa Myles Wakefield Michelle Dickens Rhys Dyer

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