BetterBond says that the affordable sector of our property market is performing well. It quotes statistics from some deeds offices, which shows that bonded transfers of such properties are some 10% (and more) higher than the equivalent six-month period, last year. Interestingly, bonded transfers in this sector accounted for some 60% of the total, with the balance being transactions for cash.
Property360 predicts that the residential property market could pick up after the general elections next year.
That edition also ran an article in which the writer said that the municipal costs, associated with running a commercial building, is so high that better returns are to be had in other countries, such as Eastern Europe. As a South African, it is clear that such costs are unavoidable given the challenges that our virtually bankrupt government faces.