Is this the best time to buy a house?
Record-low interest rates, coupled with scores of distressed sellers likely to dump properties on the market in the coming months, will create a cheap entry point for would-be homebuyers
With interest rates at 47-year lows and house prices expected to drop this year for the first time in a decade, it could be a smart move to buy a residential property after the lockdown.
Industry players say though the Covid-19 pandemic will no doubt cause increased financial stress for many, the flipside is that the SA housing market now offers more favourable buying conditions than it has in years...
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