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3 reasons why 2015 will be a good year for property

Residential property has had a rough ride since 2007/2008 but, since 2012, the market has improved.

The outlook the property in 2015 is good. Here’s why, according to leading estate agents Dr Andrew Golding and Samuel Seeff:

  1. There is an oversupply of buyers and a “significant” shortage of stock in all of South Africa’s major cities.

  2. Banks are starting to lend again.

  3. Banks are far more responsible when lending than before the global financial crisis. This bodes well for the sustainability of the market’s recovery.

Click below to watch 702/CapeTalk presenter Bruce Whitfield’s interview of Golding and Seeff (Apologies, the audio only begins at 1:11). The interview touches on the following topics:

  1. The outlook for property in 2015

  2. It’s a myth that tenants have all the power and landlords have none

  3. Do agents purposefully overvalue property?

  4. Is there a property bubble on Cape Town’s Atlantic Seaboard?

  5. Are gated communities the future of property development in South Africa?

  6. Enigma House (R300-million Cape Town mansion) and other extremely expensive properties

  7. The future of property in South Africa is Black

  8. Where the money is to be made

  9. Locals, not foreigners, are buying the most expensive properties in South Africa

  10. Foreign investment in South African property

  11. Are property rights in South Africa assured?

  12. Why Killarney in Johannesburg is such a great suburb

This article first appeared on 702 : 3 reasons why 2015 will be a good year for property


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