Tag: Lightstone
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More Signs Of A Buyers Market In 2023 And 2024
A report by Lightstone Property indicates an 80% rise in forced property sales, signaling a buyers' market in 2023. Many buyers, drawn by low interest rates during Covid (7% in 2020, below 8% until May 2022), now struggle with repayments as rates hit 11.75% by May 2023. Initially, low rates encouraged new buyers and upgrades,…
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Residential Property Price Index Report For June 2023
According to the Residential Property Price Index report for June 2023, house prices in South Africa have increased by 2.9% between June 2022 and June 2023. And in particular, property prices in the Western Cape have increased by 4.1% year-on-year. On Thurs 9 Nov 2023, Statistics South Africa (Stats SA) released its monthly Residential Property...