Here’s when you can expect a turn in South Africa’s property market

[BusinessTech]

Here’s when you can expect a turn in South Africa’s property market

The past year has been a trial for homeowners, buyers and many in the real estate industry in South Africa, but there are better times ahead, says Gerhard Kotzé, MD of the RealNet estate agency group.

 

[Hamster]

"The real estate market will soon improve"
~ Real Estate Agents

 

[Lew Skannen]

Funny, this property salesman speaks about everything, politics, economics, Brexit, trade war, GDP growth, promised investments, building plans, good moods, but the one crucial part he fails to mention is EWC.

Who in their right mind will sign a multi-million Rand bond agreement knowing that the property could be expropriated without compensation at any time. It could be taken midway through paying your first million or perhaps a day or two after you settled your bond.

The moment the Constitution is changed and signed into law, that is the day the property market will collapse. None of the points mentioned by this man will be relevant. There will not be a single investor who will risk losing millions of Rands.

 

[ToxicBunny]

Who in their right mind will sign a multi-million Rand bond agreement knowing that the property could be expropriated without compensation at any time. It could be taken midway through paying your first million or perhaps a day or two after you settled your bond.

The moment the Constitution is changed and signed into law, that is the day the property market will collapse. None of the points mentioned by this man will be relevant. There will not be a single investor who will risk losing millions of Rands.

Weird, you may want to have a word with many of the big investors in DBN, CPT and JHB who are dropping hundreds of millions on large new developments... they seem to not understand the world the way you do....

 

[Mephisto_Helix]

Constant downward spiral for everything but suddenly the property market of all things is going to upswing