Northern Suburbs Remains A Safe Haven
Category General
The South African property market has experienced a fluctuation in 2019 due to great political and economic uncertainties. Despite the current state of affairs, the Western Cape is performing better than expected, with the Cape Town city bowl as the exception. The Cape Town city bowl is currently stabilizing their price offering, due to the superficial inflated economic conditions over the past few years. This created the perfect opportunity for the Northern Suburbs to showcase their proposition - family's living outside the hustle and bustle of the city life.
The Durbanville market has steadily kept up with current inflation making it a stable attractive investment for home buyers. Analysts are expecting growth figures between 6-10% in the future, similar to the period between 2016 and 2018.
Realtors Durbanville recognizes the challenges that are lying ahead from a political and economic point of view; nonetheless, we remain optimistic about the country's future prospects. There are still many great investment opportunities in the property market, we just need to hustle and make it happen.
Author: Realtors Group
