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Q & A
As things stand now , though , things are definitely looking more positive for the SA market in 2024 and early 2025 . Affordability , which has been a problem for homebuyers due to the rising cost of living over the past two years , will improve and be less of a constraint on home purchases as interest rates start falling .
At the start of the year , there will also be plenty of inventory for astute buyers and investors to choose from , as those homeowners who have ' run out of runway ' after the trials of the past few years are forced to sell .
The demand will definitely be in the R600 000 to R5 million price range , and we anticipate that home loans will also be readily available to those with clean credit records .
In the rental sector , demand is expected to remain high and ensure good returns for investors , especially in the best performing R7500 to R12 500 a month category , provided that landlords remain extremely vigilant when vetting tenants . They simply must ensure that they work only with managing agents who have the right systems to conduct all the necessary credit and background checks , or they risk ending up with more problems than profits .
Everitt also notes that in the commercial real estate sector , specialised warehousing in strategic locations between city centres is becoming an increasingly profitable investment due to the high growth in online purchasing .
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Real Estate Investor Magazine DEC 2023 / JAN 2024 16