It seems that the December shopping list includes Property this year – with Harcourts Platinum experiencing their busiest December in 5 years.
But Harcourts Platinum in Somerset West reports that there is much activity and there is a steady stream of enquiries for their property listings.
“We’ve had good sales in Somerset West, and a buzz of activity in Gordon’s Bay”, says Steve Caradoc-Davies, principal of Harcourts Platinum.
“What’s interesting to note is that about 25% of our December sales thus far have been Cash – which is a refreshing change from the usual”, says Caradoc-Davies.
Statistics from the banks confirm that about 48% of all bond applicants in South Africa have Credit History problems, which makes obtaining house finance unlikely. So Cash sales are very attractive to property Sellers – who know they have a guaranteed sale.
Despite a difficult economic year, it’s reassuring to see that property purchasers are making the commitment to buy property when they see it is fairly priced and meets their needs.