Stronger house price growth in 2014

While the average house price growth was nominally lower during 2013 than it was in 2012, the housing market is still moving in the right direction and prices are on an upward trend, says Adrian Goslett, CEO of RE/MAX of Southern Africa.

“The fact is that property remains a solid asset class that continues to provide buyers with a good return over the long term – provided the correct purchasing principals are applied to the transaction. Although property prices are currently only seeing single figure growth, the compound effect of the upward growth trend of property prices will positively impact on the homeowners net worth in the future,” says Goslett. “Potential property buyers who are waiting in the wings and holding out for the next boom are losing valuable growth as property prices increase yearly.”

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