Learn how to Create Wealth through investing in property
South Africa remains in a state of economic limbo as there is no real party to challenge the ANC and its policies, which have in recent years been seen to encourage consumers to go into debt in order to purchase property and other consumables.
We now have – at long last, you might sigh – a residential property market which has thrown off the burden of a long recessionary period while defying obstacles to growth such as a dismal economic performance, rising inflation, high household debt, massive utilities bills and an alarming degree of labour and social unrest.
The phenomenal increase in rentals, which in urban areas have often been above 10% year-on-year and in some cases have even begun to approach 20%, is perhaps the major contributing factor of a noticeable revival in the average South African’s confidence in – and willingness to invest in – property.
BUYING to let as an investment property seems to have palled as a concept for South Africans.