Real Estate Investor Magazine South Africa December - January 2014 | Page 21
UPFRONT
Adrian Goslett, CEO, RE/MAX
“I think that we are likely to see an increased trend towards smaller or more manageable homes
in 2014, with consumers opting for properties that are closer to their needs such as their place of
employment, their children’s schools and other amenities like shopping centres and medical facilities.
This will of course all be dependent on the consumer’s age, their profile and current life stage.
There is also likely to be an increased trend towards security and gated type communities with more
and more South Africans pointing to security as their number one priority when choosing where to
live. Demand will grow in areas that cater to these sectors of the property market, which in turn will
push up prices in these areas far quicker than the average.
Overall we should see steady house price growth, however there are talks of a possible increase in the interest rate sometime in 2014, so
consumers and homeowners should prepare for that by paying down as much debt as possible.
Banks have already started to show a greater lendin ?\ ]]K ?X? ?[ ?YHHX\??[?[[??X\?H?^ YX\?\[?[????? H?]??Y][[?\? H?[[\X? ?[?[?? ?X?X?K??H??[[ ?? ?YHH?X]\??[X?\??[?HY?? Y[? ??\? H?^Y\??[?[??\???[?\?[?HX\??] ?\?H\?HX[?H ??\? H[??\??? ?] HYX[?? ? \??\?H ??\? K?]]?H?Y[? ?Z][??[? H ?[??? ? ?YH ?X? ?^B?HX???ZX? ?[? ? ?[????Y??H??[Z] [???[? \?H ?YX?[?? ?[?H\??[ H\[?[??[? ?]?[??H???[Y\? ?[?[Y[? ?X? ?[?H?Y[Y ??]]?[ H??Y?]]?[ H?B??X??? ?X?\? H ?[? \ ?[X?[?? ?] \??X??\? [??\?[? ?\?[?\??\? ???X?H ??[?\?[???'B??]??Y??[??Z\?X[???X?x?&\?[?\??][?[?X[ B??'H ?????\??? H ?\?Y[?X[ ??\? HX\??][? ? M\? ?\?H??? ?]HX[ H H ?IB????[? ??\? H ?X?\?^ X?Y ?[??X? H [?? ?H\?HXY[???? H?\??[X\??] ?] X][???^ YX\???'H8?'\?\?H8?&?? ??Y???x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˜?Z[XY????B??X?[X?\??[?X\?H ? L???H?X[\?]H[??\?????B??