According to Tony Clarke, managing director of the Rawson Property Group, the best time to buy property was 20 years ago and now.
Thirdly, he says demand in many house price categories now exceeds supply, ensuring that year-on-year house price growth remains not far below 10 percent and this will also ensure that rentals continue to rise at around 7.5 percent per annum (above the inflation rate).
Clarke points to several reasons such as the fact that the US economy is steadily recovering slowly and this bodes well for South Africa because, like that of almost all other countries in the world, South Africa’s economy is heavily influenced by the US’s economic performance.
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