The best yields in the property market will be found in the lower-priced segment ie, houses under R500 000, next year.
This is according to Rode & Associates CEO, Erwin Rode in the latest Rode Report.
He pointed out that during the third quarter of 2006, lower-priced houses continued to grow faster than those in the middle- and upper-priced sectors.
What's R500 000 going to buy you in Cape Town at the moment? A one bedroomed flat in Table View? If you work in town I hope you don't mind 1+ hour commutes.
No comments:
Post a Comment