Now is a good time to buy that property

Interest rates are at extremely low levels, the lowest in almost 50 years and by all accounts it would appear that now is the time to invest in residential property.

The present environment is challenging with the South African economy struggling to find traction after the easing of lockdown restrictions and the number of unemployed increasing by the day. It may seem a strange time to invest in residential property, but there is a good range of properties on offer, these are well priced and the banks will lend to approved buyers. 

Who will forget the high interest rates of the 1990s, peaking in 1990 and again 1998 which made it difficult for prospective buyers to afford a home loan. Now is an ideal time for buyers to take advantage of the current historically low interest rates. Some home buyers may feel more comfortable to stand on the sidelines however when opportunity arises, seize it. Remember: "There is a tide in the affairs of men, which taken at the flood, leads on to fortune." ~ William Shakespeare.

With the lockdown restrictions having been eased and estate agents allowed to work again under strict social distancing guidelines and protocols, many new property listings are taking place. In addition, the Deeds Office is open again and slowly clearing the backlog.

Ikonic Real Estate is well-placed as a niche specialist with regard to properties in the sought-after security and lifestyle estate, Silver Lakes Golf and Wildlife Estate. The management at Ikonic Real Estate has expert intimate knowledge of Silver Lakes, having lived and operated in the Estate for many years. 

Ikonic Real Estate is passionate about its product and always available to discuss the requirements and needs of clients covering both property purchases and rentals.

Take the plunge and invest in that dream home. Give Ikonic Real Estate a call.