
Despite the acute stock shortage, a feature in most markets at present, they have nevertheless cautioned Buyers not to expect a similar trend in the months ahead in view of economic indicators, not least of which is the forecasted upward interest rate trend, plus other systemic factors weighing heavily on the SA economy.
Their advice to would be Sellers sitting on the fence and uncertain whether to sell or not is “do so now while the market is strong and then look to buy again or buy on a less resilient market”.
Interestingly, they point out that property values in Constantiaberg are now closing the gap on areas such as Lower Constantia due to the inherent attractiveness of Bergvliet, Meadowridge and Kreupelbosch properties, due to factors such as schooling, value for money, amenities and the relaxed urban environment.”