Property Statistics for Kirstenhof

PropertyAnaylsisSince the beginning of 2014 we have seen only 29 property sales in Kirstenhof ranging from R 885 000 to R 3 000 000 with an average of only 3.6 sales a month.

Factors for the stock shortages include many things, including slowly increasing interest rates expected to rise by another quarter of a percent by the end of this year and a further half percent to 10.25% by the end of 2015.

This in turn will imply some moderate increase in the household sector debt service ratio (the cost of servicing the household debt burden expressed as a percentage of disposable income, thus slowing growth in the residential mortgage credit demand).

Many people are still struggling with debt and less disposable income and are therefore sitting “tight” waiting for the economy to improve.
For more information contact Chas Everitt on 021 712 5029.

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