In a notable shift within the South African real estate market, the Eastern Cape has emerged as the new hotspot for holiday home purchases, surpassing the traditionally popular Western Cape. This trend is largely driven by an influx of foreign buyers in the Western Cape, which has led to a significant increase in property prices and a decrease in the availability of homes in the region.
Free State: A Haven for First-Time Buyers
The Free State is rapidly emerging as a haven for first-time homebuyers, thanks to its affordability and appealing market conditions. In this province, the average purchase price for first-time buyers remains below R1 million, making it an attractive option for young and new buyers looking to enter the property market.
Prime lending rate!
The real estate landscape is evolving, and young buyers are making significant strides. In our latest series, “Young Buyers, Big Moves,” we explore the trends, challenges, and success stories of young property investors in the market.