Here’s the state of the property market in Zimbabwe, Namibia and Mauritius
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While South Africa’s housing market continues its post-Covid lockdown bounce-back, driven by the low interest rate and favourable mortgage lending climate, especially in the low to middle-class suburbs, it has been a mixed bag for neighbouring SADC countries.
According to Samuel Seeff, chairman of the Seeff Property Group, these real estate markets are diverse, often with high interest rates and large rental components affected by factors such a decline in income, business closures and expat departures.
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Mixed bag for SADC property markets as SA continues bounce-back
The South African residential property market has been picking up lately as a result of low interest rates and falling house prices. It is no surprise that buyers are taking advantage of the opportunity to become property owners at such a favourable climate. According to Seeff, property markets in southern African development countries have been weighed down by high interest rates, declines in income, business closures and expat departures. Interestingly, Mauritius has received requests from South Africans willing to move or invest, as well as interest from locals to invest in plots of land as the country’s interest rates are expected to go down even further. – Lindiwe Molekoa
SADC outlook | Namibia's Walvis Bay in high demand, eSwatini hits super-buyer's market property24.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from property24.com Daily Mail and Mail on Sunday newspapers.