It seems that industry experts all agree that the South African property market is headed for recovery. And, most commentators are predicting a steady, but slow improvement in property values over the coming 12 months.
When it comes to investing, the basic rule to making a profit is to Buy-Low and Sell-high. If you were to apply this theory to property, you would be looking to purchase some real bargains right now and sell after at least 3 to 5 years. Early predictions are that property values could shoot up by 50% by 2011. [read more …]
Making the news today:
Sotherby’s International predicts a massive 40% drop in property prices this year. And the Alliance Group says the mortgage crunch could see thousands lose their homes…