This summer Cape Town recorded its highest tourism figures ever, with both local and international tourists flocking to the white sandy shores of the Cape. What does this mean for property investors and home owners wanting to sell? The multiplier effect of tourism expenditure provides a significant boost to the local economy and this encourages [Click to continue …]
Poor hurt most by e-tolls and petrol price hikes increasing property value
The high cost of petrol does not only diminish consumer bank balances but also influences where people choose to buy a home. As the petrol price increases it reduces the allure of areas that are far away from employment districts or amenities like schools and shopping centres, while nearer suburbs become more popular. The rental [Click to continue …]
Property market will be affected by no change in interest rate
It is clear that South Africa is in a rising interest rate cycle and although there is no repo rate increase now, further increases are on the horizon. South Africa is now almost in a stagflation environment, with upward pressure on inflation but faltering Gross Domestic Product (GDP) growth. It is probably for the latter [Click to continue …]
