After a seemingly interminable property downturn Western Cape and Noordhoek property for sale is experiencing the beginnings of an upturn. Noordhoek is part of the Atlantic Seaboard, parts of which actually have stock shortages again. Currently there is no shortage of stock in Noordhoek itself; there is more Noordhoek property for sale than there are buyers, but the general area trend is positive for the future.
For comprehensive information about Noordhoek property for sale contact SAHomeBuyers for your free and non obligatory property consultation by email here or telephone us on + 27 (0) 83 265 8800 to find out more.
Noordhoek Property for Sale after the Recession
S A’s property industry suffered severely when the boom of the early 2000’s came to an abrupt and painful halt. But in 2012 there were signs of recovery. The last quarter dipped slightly again but experts are optimistic that the property industry as a whole is heading toward solid recovery.
It is still a buyer’s market regarding Noordhoek property for sale, but several factors indicate that now is a window of opportunity. Banks in the Western Cape seem to be easing up on home loan criteria and for foreigners the rate of exchange is very favourable at the moment, particularly with the US dollar and the British Pound.
Noordhoek Property for Sale in a Global Context
Analysts, economists and investors always err on the side of gloom during hard times. Very few will even seem to remember that economic life is cyclical, and that no matter how bad a situation gets, it always gets better at some point. Some investors are smart enough to buy property during a downturn and they eventually make a killing. But most people lose their nerve.
Regardless, the turnaround has begun to happen, not just in the South African property industry but in the economy of Sub-Saharan Africa as a whole. And the World Bank recently predicted that this region will experience 5% growth over the next three years. South Africa is the biggest economy in Africa, so it will play a major role in that growth. And the property industry is an important part of South Africa’s economy.
Learn more about Noordhoek Property for Sale
Are you a prospective buyer interested in Noordhoek property sales? Contact SAHomeBuyers for your free and non obligatory property consultation by email here or telephone us on + 27 (0) 83 265 8800 to find out more.
