CAMPAIGN: SA property trends to look out for
SEND DATE: 08 October 2021
Property, like all investments, is cyclical. The 70s, 80s and 90s were volatile years and the early 2000s saw a Rainbow Nation run of seven years where house price growth was over 15%. In 2004, it was more than double that, says CEO of Just Property, Paul Stevens.
Then came the 2008 recession, and 2009 saw negative growth. Since then, the South African property market has wobbled along at a low average rate of growth.
Stevens is cautiously upbeat about what we can expect from the residential property market going forward.