Estate agents say with SA proving to be a buyer's
paradise, property is being snatched up quickly by both overseas
and local investors, who are raking in better than expected returns
from rentals. Increasing bond rates resulting from four interest
rate hikes last year have added to competitive rentals, especially
in areas where demand is overwhelming.
In fact, despite a slightly depressed rental market due to a purchasing
boom, the prices of rentals have soared. Leasing agents say the
rental sector has dipped between 0.5% and 1.5% in market value
over the past five years. The irony, though, is despite the tight
conditions investors are still “making a killing”
from renting out property.
| South
Africa, earth of the colorful land, place of opportunities
and soil with excellent Homes for purchase and stay, In
10 years, South Africa has achieved lots of successes, excluding
superior political stability and better financial freedom.
Research Worldwide.com has just published results of its
annual survey which showed that property investments in
South Africa showed an actual total return of 15.1% last
few years. South African commercial real estate outperformed
sixteen additional chief countries. The real estate boom
in South Africa and low interest rates continues to encourage
homeowners to feel confident and spend buying those houses
for sale, farms for sale and commercial property for sale.
South Africa also features strongly as an IT destination.
Real-Estate-South-Africa provides visitors with a wide selection
of property for sale and property to rent in residential
properties, farms, commercial properties, vacant land, business
properties, industrial properties, home offices, holiday
homes and retirement homes. |
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