Whatshot
Property Talk
Property Talk
Date: 2016-09-09
Despite the positive contributions, the leading economic indicator still declined for the 33rd consecutive month on a year-on-year basis. This is important as it still shows us that the overall trend has not changed and even though the rate of decline has slowed, we still require overall positive growth in the leading indicator to reverse the trend and see the real improvement in the mortgage market we are hoping for.
The silver lining for property professionals is that there is now an expectation of no further interest rate hiking as the inflationary pressures ease. It is therefore conceivable for us to experience a further improvement in the property market over the short term. Business confidence and economic growth as measured by real GDP growth also track each other in an uncanny way. Currently we seem to be experiencing a perfect storm with the media capitalizing on one political headline after another further dampening business confidence and in turn overall economic growth. This is a great time for bargain hunters in the property market to strike.
For further information and an interactive analysis of this article follow my blog: andreaswassenaar.blogspot.com.
Andreas Wassenaar
Principal - Seeff Dolphin Coast
Cell: 082 837 9094