Outlook for Cape Town property landscape – Where to invest
“As we end 2019, and reflect on some of the highlights, it’s heartening to note that banks were lending up to 105% and aggressively competing for business – to this end the sentiment was that this was a bullish move by the banks and likely to have been based on a sense that the market had bottomed out and that there is confidence in a market comeback in the future,” says Mike Greeff, CEO of Greeff Christie’s International Real Estate.
“The repo rate was decreased and remained there, which we in the industry welcomed,” he adds. Greeff says that sentiment improved post election, and adds that Greeff Christie’s International Real Estate experienced a significant uptick in buyer activity.
“Currently there is a noticeable increase in buyer interest and this has been the case following the Rugby...