A recently released report reveals that the country’s property market is in good shape and that, while the ‘boom’ is tapering off in certain cities, it’s only growth rates, not actual property prices that are dropping.
Knowledge Factory, a marketing insights company, has released a report on property price growth rates for South Africa’s major cities. Entitled ‘Report on South African Metropolitan Areas: Property Price Growth‘, the report is based on data derived from the company’s South African Property Transfer Guide (SAPTG). The report presents an overview of both historical trends and predicted property price growth rates for South Africa’s major cities.
“This report might surprise some property professionals because it confirms that property prices have not dropped recently, but are just growing at slower rates in some areas than has been previously experienced,” observes Veronique Kotzé, Western Cape regional sales consultant for the SAPTG and the report’s author. “It’s really a ‘good news all round’ report. Overall, the whole country is in good shape and has been experiencing strong growth everywhere.”
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[via: SAGN]
“Overall, the whole country is in good shape and has been experiencing strong growth everywhere”
You’re kidding, right?
There we go… :-D
Now go read:
http://capetownbubble.blogspot.com/
and realise that report is bogus.
They aren’t my words, but read the rest of the article and it’s not a bad out take on everything as a whole..
Thanks for the link Richard, I’m going to go and take a read :)
Aah, you found my comment.
I think the problem with a site called SA Good News is that you can expect neutral, accurate and unbiased reports from it as much as you can from SA Rocks or SA Sucks the Dog’s Bollox type of sites.
haha, I’m actually a fairly regular reader of SA Good News and come across some rather good articles..
I personally think good news has a better effect than “ZOMG The Xenophobes Are Killing Our Babies In Dustbins!”-type crap. Fact remains that incidents like that are isolated, and that most of us can survive inflation and interest rate hikes. If anything, the “realistic” views are more hyped-up than they need to be.
Property prices are taking a bit of a dive – from what I’ve heard – most likely because of land devaluation across the board. That, and the new regulations which will give the government power to snatch land when and where it deems necessary. “Best interests of the Public” is a crock – the ANC is in the best interests of the public, as far as the public is concerned.
I think after the interest rate stabilizes, property investment might just be a good idea…
~ Wogan
“What are we after, sir?”
“Xenomorphs might be involved.”
“Oh great! Another bug hunt.”
Forget about buying Earth property, let’s just go grab our share of free land on the Moon and Mars.
I’d like a nice quiet chalet on the Sea of Tranquility.