Due to economic and political factors, South Africa is currently in a buyer’s market, with sellers being forced to lower their prices.
Is the year 2022 a good time to sell property in South Africa?
‘We believe 2022 will be the last year of relatively buyer-friendly conditions before house prices begin to rise as the global and South African economies recover.’ So, yes, there will still be good deals available, but time is running out!’
Is it a good time to buy a house in South Africa right now?
Lenders are also expected to remain optimistic in 2022, with up to 105% mortgages likely to remain available for some time. “While buyers with deposits will always get preferential interest rates, lenders are becoming more open-minded with low-risk applicants looking to maximize their purchasing power,” Clarke said.
Is now an excellent time to sell in South Africa?
“South Africa’s property market roared back to pre-Covid levels in 2021, and this momentum will likely continue into 2022, with the fourth wave having no impact on the current upward trajectory,” said the company’s CEO, Marcél du Toit.
