As a conveyancing law firm with branches across KZN, we’ve seen a gradual shift in the property market over the past year. With stable interest rates in the past year and the first reduction of the repo rate recently, it appears that the banks have a bigger appetite to grant home loans, and more buyers are now entering the market. This also means sellers are benefiting from a more active environment.

 

In recent months, the new local government in the eThekwini municipality has improved its efficiency in releasing rates clearance certificates, allowing for faster and smoother property transfers. It’s focus on economic growth and improved infrastructure is also creating a more favourable environment for property investors. Looking ahead, we anticipate continued growth in the property market in the year to come.

Cornel Havemann

Director, Conveyancing