South African Property Market 2024 Recap: Trends, Buyers & Rate Cuts

In this episode of The Property Corner with Rowan Alexander, Rowan takes a look back at the South African property market in 2024. He chats about the ups and downs, whether the predictions made earlier in the year were spot on, and what’s been happening in the market. What’s Inside: - Interest Rate Relief: How the predicted rate cuts gave the market a bit of a boost and made buyers feel more confident. - Migration Trends: The Western Cape is still seeing a lot of new residents, but affordability could start causing some issues. - Buyer Pressure: The property market over R3 million is holding up well, but the sub-R1.5 million market is struggling with higher prices and rates. - Financial Motivation to Sell: The was a rise in property sales driven by financial struggles, particularly in the sub-R1.5 million segment. Wondering what’s going to happen in 2025? On the next episode Rowan shares his predictions for next year. Don’t miss out on this - he’s rarely wrong! We’d love to hear your thoughts and experiences with the 2024 property trends, so drop a comment below – whether you’re a property owner, tenant, landlord, or investor. And if you enjoyed this episode, don’t forget to like, subscribe, and share with your friends who are interested in the South African property market! Episode sponsored by: HeadZone Engine Rebuilders: https://www.facebook.com/people/HeadZone/100063983355749/ Subscribe to us on your favourite podcast platform : Youtube: http://youtube.com/@propertycornerza Spotify: https://shorturl.at/horJT Apple Podcasts: https://shorturl.at/alFG7