The gap between building and buying was 19.4% for the first quarter 2013. The gap is narrowing but this is a gradual as the growth in property currently.
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Property value is governed by a few fixed factors. Here are some of the factors which influence the value of your property investment.
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You decided to purchase a second property as an investment, and the cash to purchase the property is readily available.
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With interest rates low, the affordability of property has improved. Within the current climate both selling and buying is acceptable.
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Statistics show an increase in the migration to Gauteng. Is this a new trend? Not according to latest statistics!
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In the wake of the recession that hit South Africa hard from 2008 to 2009, the market and consumer confidence seems to be slowly but surely strengthening. Even though the annual growth rate of the country is expected to remain below 3%, there appears to be more confidence in the recovery of economic stability. The question remains though – is there a light at the end of the tunnel? Analysts fear that there is no prospect of world markets returning to ‘normal’ any time soon.
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