I believe that the fallout from the international property market will continue to have an impact in SA despite interest rates stabilising. That said, I think that this slowdown will relate more to the investment market and developers than the owner buyer market. This development slowdown will create a shortage of houses in a year or two given our continued economic growth and together with the interest rates coming down over that period, we will see the property market start moving into higher demand territory resulting in prices moving up into double digits.
I believe that the fallout from the international property market will continue to have an impact in SA despite interest rates stabilising. That said, I think that this slowdown will relate more to the investment market and developers than the owner buyer market. This development slowdown will create a shortage of houses in a year or two given our continued economic growth and together with the interest rates coming down over that period, we will see the property market start moving into higher demand territory resulting in prices moving up into double digits.