Now is a good time to invest in land for sale in Cape Town South Africa. As Korbitec CEO Dawie Verryne points out, South Africans have gradually begun to absorb their debt. This has resulted in property prices and sales rising. But not enough to create a seller’s market.
In short, the buyer has a very strong position at the moment. As such a potential buyer your best resource for finding the best land for sale in Cape Town South Africa is a buyer’s agent. Such as SAHomeBuyers, SA’s most discerning buyers agency. Contact us by email here for your free non obligatory property consultation. Or telephone us on + (0) 78 233 1562 to find out more.
Land for Sale in Cape Town South Africa – Banks and Lending Criteria
South African banks are in quite good shape, especially when compared with US, UK or European banks. This is because they raised the price of credit so they could comply with strict criteria for capital holding. So the great lending rates of prime less 1 and less 2 are, at least for now, a thing of the past.
In the past 12 months South African banks have shown more willingness to slightly relax lending criteria. Mortgages are easier to access than a couple of years ago. But as owners of land for sale in Cape Town South Africa are learning, recovery is a slow and grinding process.
Land for Sale in Cape Town South Africa – Recovery is Slow but it’s Real
But it is happening, which most analysts and property experts seem to agree on. So this could conceivably be exactly the perfect time for buyers interested in land for sale in Cape Town South Africa. Property in the Cape is always going to be more expensive than elsewhere because it’s so beautiful and there’s a restricted amount of land. Buying it at this point makes good sense.
Finding out about Land for Sale in Cape Town South Africa
Buying property now is less risky, but it’s still a major investment. You need a property expert without a sales agenda who will tell you the truth about properties. SAHomeBuyers will do just that. Contact us for your free and non obligatory property consultation. Email us here or telephone us on + (0) 78 233 1562 for all the info on land for sale in Cape Town South Africa.