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Will house prices drop in South Africa?

As of July 2022, house prices in South Africa are expected to drop for the seventh consecutive year in 2022.

Home sellers are being more realistic in their demands due to the post-COVID economic struggles.

Many home owners are also selling up quicker so they can buy homes in more remote areas and take advantage of the work-from-home lifestyle in more scenic surrounds.

The average time for houses to be on the market was 8 weeks in the fourth quarter of 2021, indicating that sellers are asking for lower prices and thus selling up quicker.

If you want to take advantage of lower house prices, you should get prequalified with ooba Home Loans.

You can get prequalified by contacting an expert at ooba Home Loans or by using our free, online prequalification tool, the Bond Indicator.

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Ooba home loans services are simply the best. My Consultant Bianca Dancer was so hands on and helpful from the get go. She guided me through the entire process and put me at ease being a first time buyer. I highly recommend their services.

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Jay Govender and Maleshini Reddy from OOBA provided outstanding assistance and guidance in securing our home loan. Response times were excellent and they were professional and friendly.

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Estelle Vorster was really helpful in securing the best deal for my home loan, she not only negotiated a lower interest rate she went as far as securing 50% discount on the transfer costs.

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