SA Property Trends To Consider In 2022
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South African Property Trends to consider in 2022
Click here for the latest Property24 Trends for 2022
Semi-Gration the new buzz word in 2022
Uncertainty around work from home policies & how long these would last has now subsided with many companies implementing a long-term hybrid or work from home working model. This move gives homebuyers the freedom to buy where they want, & to upgrade their homes to accommodate office & study space.
FNB commercial property finance economist, John Loos, said that recent events appeared to have played into the hands of the Western Cape Province, setting it up for future economic growth and prosperity.
Speaking at a quarterly property market briefing, Loos said he believed that the Western Cape Province could be the likely outperformer in the near term. He based this expectation on the belief that the Western Cape's ability to attract semi-grant skills and purchasing power - crucial for economic growth - has recently been enhanced.
The Western Cape has been the most popular semi-gration destination for many years now, due to the perception of the province as having a great lifestyle coupled to significant economic opportunity. It has also been seen to be a region where provincial and local government is relatively well-run.
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In-land Properties
Recent homebuying activity in provinces such as Limpopo, Mpumalanga, the Free State &Northern Cape indicate a surge in demand. Properties in these provinces offer value for money and bring a sense of solace to ex-city slickers
The Buy- to -Let Trend
The latest statistics indicate a rise in Buy-to-Let homebuyers. Buy-to-Let investments increased by more than three times from 2% to 7% - from the same period last year. Homes are still viewed as a stable asset class by many investors. Rather than covering their own monthly home repayments, homebuyers are finding suitable tenants or are renting out a room to reduce costs
Our Rental Divisions in Gauteng & Cape Town manage large rental portfolios. Why not include your property in our Rental Porfolio? Click here, to contact them today
Security Developments & Residential Estates
As crime continues to rise, we are seeing high demand for gated estates and homes in boomed-off areas. Off-plan developments also continue to drive demand & are popping up all over the country. Developers know where to build and exactly who their audience is.
Your Credit Score & Saving in 2022
With many first-time buyers still looking to enter the property market, some will be focusing on a healthy bank balance and a healthy credit score - of 600-plus in 2022. An increase in inflation & the repo rate will see first-time buyers in particular, focusing on improving their finances to secure the best possible interest rate on a home loan.
Areas On The Rise In 2022
In 2022 Coastal areas such as George, Knysna, Mossel Bay, Ballito, the Atlantic Seaboard and West Coast are expected to score big in 2022!
Contact our Area Specialists here, to assist you find the perfect home
Eco-Living - The Next Big Thing
South Africa still lacks in areas such as eco-living and infrastructure to support smart homes, however, more South Africans are making in-roads towards sustainable, eco-friendly & smart homes.
Solar power, building with sustainable materials to reduce their carbon footprint, building homes with more natural light & growing vegetable gardens are just some of the trends that will continue, and grow in popularity in 2022. Features such as these justify a higher price tag due to high demand by homebuyers
First-Time Buyers start Upgrading
Homebuyers who purchased their first property may now be looking to upgrade. The interest rate remains low and these homeowners are moving into the next phase of their life. They might be looking for more space to accommodate a family. Based on this, we anticipate high levels of activity amongst second homebuyers.
Residential & Commercial Auctions Increase
Auctions are popping up in every suburb. While this is a traditional method of sale in the likes of Australia, it has long since been viewed in a negative light in South Africa. However, today, sellers are embracing this as a quick, transparent way to sell a property and the upturn is set to continue long past 2022.
Since 2005, we have provided our clients with a broad range of property services & we'll continue to do so throughout 2022 & beyond! Contact us here today
Author: Marketing
