It's finally all good news for the property market. Property economist Erwin Rode predicts a real return on property for the first time in years.
Economic expansion is a requisite for house price growth.
Rode says there is an increase in confidence in the country as a whole, both economically and politically. This confidence, he says, has even reached Gauteng, where property is still dirtcheap. But this won't last for long, he says. While Rode believes property in most centres will be a good investment, he admits that given a choice he would buy property in the Western Cape. If you are a Sanlam policyholder, your annual premium adjustments will in future be based on core inflation rather than headline inflation.