Buying or selling? Property market continues to recover in third quarter
Property economist Erwin Rode speaks to Africa Melane about the recovering property market.
Source: capetalk.co.za
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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 Africa's 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 SA's 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 risk. This means there is not going to be a sudden miraculous recovery. Furthermore, the scenario i...
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 interest rates, the banks’ generous propensity for granting loans, and to some extent, pent-up demand...
Source: biznews.com