Properties are becoming more expensive, which is affecting when South Africans can buy a home.
Homeownership is often seen as a crucial step towards financial security, but the age of first-time homebuyers is ticking upwards in South Africa amidst growing cost pressures.
“You must get in earlier to buck this trend. If you wait until the time you can afford your dream home, you may never be able to achieve that goal,” he said.He noted that interest rates are likely to be cut as inflation has started to tick downward. However, he noted that very few buyers act until the first-rate cut, which is usually when the market responds and changes rapidly.
“It shows that you are a serious purchaser, which makes everyone so much more willing and able to help.”
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