Now is a good time to invest in property

By Staff Writer
As South Africa continues its slow but steady recovery from the recent recession, industry players in the property market reckon home buyers are finally realizing now is the time to buy as property prices bottom out.

The ABSA house price index showed that the average price for homes in the small to large category have continued to grow at a nominal rate and, according to a CEO of a property agent, it's the first time since the market hit the slump that consumers are sensing it's a good time to buy. 

  • The average price for a small home (80m2 to 140m2) is currently sitting at around R676 800.
  • The value of medium sized homes (141m2 to 220m2) was R953 600 in February .
  • Buying a large (221m2 to 400m2) home will cost you about R1.4m.

With inflation on the rise and the hike in electricity prices, it's expected that the pressure on consumers will continue to mount while the recovery continues at a slow and steady pace.

Whether you're looking for your first home loan to buy a place for you and your family or as an investment or whether you are remortgaging, make sure you have a chat to a professional and take your time before making such a life-changing decision.

Recent Articles

Featured Learn how to sidestep these common scams

With the growing number of digital transactions, the possibility of being scammed has increased. We highlight three online scams and provide pointers on how you can protect yourself.

When is it too late to take out life insurance?

We consider life insurance options for middle-aged or older consumers, and alternatives to life cover if you are declined by insurers.

Can your workplace offer you financial assistance?

People facing financial difficulties may turn to their company for assistance. We consider how companies can assist and how employees can access this.

Changing from one medical scheme to another - effortlessly

It’s important to regularly assess your insurances to ensure they offer the best value for money, and are the best fit for your current needs.


Latest Guide

Guide to debt rehabilitation solutions