The SA property market remains one of the best investments in the world despite a slowing down the growth of property prices in South Africa is still the highest in the world.
According to a recent News24 article a recent study shows that South Africa has the highest house prices growth. The study considers 20 different countries, including France, Spain and Hong Kong.
With a growth of 244% over the past 7 years it is no wonder South African properties have become attractive financial vehicles to foreign investors.
Market experts also believe that these figures, combined with a weaker rand, will no doubt continue to make SA an attractive proposition for these foreign property investors.
Considering the current market climate, investing in your own property has never made more sense.
Whether it is renovating your existing home or purchasing a new home, there are definite rewards to placing your time and effort into property.
If you have your own home, you can switch your home loan for a lower interest rate and save lots of money. By switching your will also be able to access extra funds for renovations.
If youâ€™re looking to purchase your first home you be able to sell your house for almost double after a few years, with house price growth as it is currently.