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“The flat rate combined with the slower price growth makes for positive buying conditions. We do not foresee anything in the short-term that will bring prices down any further. So, it is indeed a good time to buy.” “There is not much positive price growth taking place outside of the Cape areas. So sellers need to now be more conservative with their price expectations if they hope to conclude a successful sale,” says Seeff.Homeowners who haven’t planned to keep up with the rising cost of living, coupled with a sluggish economy, will be eager to sell homes they can no longer afford. Tenants, if you're considering whether to rent or buy a house, now's the time to buy.
“During periods of economic uncertainty and financial market volatility, individuals often become more cautious about their investments. Often turning to more stable, ‘real’ assets like bricks and mortar,” concludes Dr Golding.