South African investors who buy property at the current high interest rates could reap significant rewards once rates start declining, which could happen later this year.
Many areas are still characterised as a buyer’s market, meaning that South Africans have a good selection of properties to choose from. “In a good location, you will enjoy capital growth and also benefit from sound returns. However, if you invest in an area that is not very appealing nor well-positioned, you could find yourself with very little appreciation over time and low demand from tenants.”
Sentiment on an interest rate cut this year has dampened, with inflation staying above the South African Reserve Bank’s target midpoint of 4.5%.
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