South African Housing Market
September 18, 2008While the US property market is looking quite dismal – there is the South African housing market which is also experiencing a downward spiral – in this country however, buying property wouldn’t be so bad as the experts say it’s not a recession but rather a normalization of house prices. MONEYWEEK states that even though most experts are saying stay clear of the property market, it would be a big mistake to do so. So here is their take on the subject
spykedup! 
[…] Man wrote an interesting post today onHere’s a quick excerptWhile the US property market is looking quite dismal – there is the South African housing market which is also experiencing a downward spiral – in this country however, buying property wouldn’t be so bad as the experts say it’s not a recession but rather a normalization of house prices. MONEYWEEK states that even though most experts are saying stay clear of the property market, it would be a big mistake to do so. So here is their take on the subject […]
I know this article was published a while ago but interesting to see what is currently happening in the property market.
I think the market will recover early next year.
southafrica property market is in a mess.
our estate agent has gone out of business, wont even bother collecting rent on our behalf.
we bought this bungalow in capetown, nice place etc but renting it for a massive loss swimmingpool and all.
dont buy anything in SA keep your money.
the citizens are running away bcse of crime, investors from abroad are broke.
world cup? I dont think it will change anything mate.