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Time to invest: Finding the ideal luxury property for sale in South Africa
There is still time to discover the good that this year can hold. In spite of all the challenges this year has delivered, it also presents opportunities for those who know where to look and who have the reserve to follow through. The property market is home to many of these opportunities, especially this year. Now, more than ever, the astute investor should be looking at properties for sale. The luxury segment of the market especially holds many bargain buys at the current time, allowing buyers to get exceptional value for money.
Now, this might seem like a strange time to be looking for the perfect property for sale. With so much uncertainty in the air, should one be making a commitment of this size? The answer is a resounding “yes”. If you have the ability to invest in property, then this is the ideal time for it. Here are just some of the top reasons why you are bound to find great value when investing in a property for sale in the current climate:
You are spoilt for choice
Currently, the slowdown of market conditions during the height of the pandemic and the subsequent lockdown has ensured that the property market is saturated. There are more properties than usual for sale, giving you the chance to choose the lifestyle you dream of, whether you desire luxury inner-city living, the splendour of a coastal mansion, or the opulence of a private golf or wine estate.
Sellers are searching for buyers
The slowdown of the market was caused, in part, by the lockdown, as well as the uncertainty that surrounded the future. Buyers were cautious to make large commitments without knowing what the immediate future held. This slowdown has led to some properties spending months on the market. Many sellers are now seeking an urgent sale, which leads to a buyer’s market where prices are in favour of those who are looking to find a bargain.
Attractive exchange rate
For those who are using foreign currency, the purchase of luxury property in South Africa can be a very wise investment in the current situation. With a weaker rand, many premium properties for sale can offer exceptional value for money for foreign buyers, given the current exchange rate.
Lowest interest rate in decades
Even local buyers have access to more affordable funds currently. This last year has seen multiple decreases in the interest rate, which has ultimately resulted in the lowest lending rate the country has seen since the middle of the previous century. This makes credit more affordable and allows for more value to be unlocked when investing in the right property for sale.
Partner with the market leaders
To find the ideal luxury property for sale that meets all your personal and unique requirements, contact the expert team at Fine & Country South Africa. We understand better than most that people are buying into a lifestyle as much as they are investing in the brick and mortar of a property. You can rely on our agents to apply their specialist knowledge of the national regions, as well as the luxury property market within South Africa, in order to deliver the best results and returns possible to you. Contact us right away to discuss your needs and let us take you through our portfolio of exceptional luxury properties for sale.