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Are you ready for the 2017 property market

Are you ready for the 2017 property market

Author: Pranil Maharaj
Date: 2017-02-03
Historically, there is always a lift in the real estate market in April, after prospective buyers and sellers have reviewed their finances and had a look at what is on offer.

There are good things in store for the local property market in 2017.

Although 2016 showed a slowdown in the property market nationally, prices here have held their own. And although everyone wishes they had a crystal ball to reveal what 2017 has in store, we can only go by our experience, observations and what economists are telling us.

1. First-time buyers - Millennials are hungry to get their foot on the property ladder and buy their first home.

2. Growing confidence - Business confidence has also improved and this has boosted overall sentiment - a key driver in in the market.

3. Align expectations - Nevertheless, sellers should be careful to align their expectations with the prevailing market conditions, and should not expect any significant price increases this year.

4. Get ready - If you are planning on putting your property on the market within the next couple of months you would be well advised to obtain an up-to-date valuations.