Paul Stevens, chief executive of Just Property says, “the announcement by the Monetary Policy Committee (MPC) that the repo rate remains unchanged will have a boost on underlying investor confidence for those wanting to invest in properties. Property is a proven sound investment over the medium to longer term.”
Many economists have predicted that interest rates have peaked and that we may anticipate sustained stability in the repo rate and even some downward movement in the rate during 2017 or in early 2018. This would relieve pressure on consumers who have to contend with major affordability issues as a result of rising costs and inflation, including property utilities such as electricity and water, property rates, food and petrol.
Stevens says that they are aggressively encouraging investment in owning a home, particularly for first-time homebuyers. Just Property started this process in 2016 with their Homeownership Journey, an educational program focused on guiding and mentoring tenants towards responsible and sustainable home ownership.
Stevens says that people are working longer, getting married later, having less kids and most are struggling to a buy home. Many are not taught how to manage their money while growing up and many don’t have a retirement plan.
We believe this educational program will not only enable us to capitalize on the large number of residential tenants flowing from our expansive letting portfolio – a unique opportunity to our group – but also enrich the lives of others through the ownership of property.
About Just Property
Just Property is a property wealth creation company offering a full spectrum of professional services in residential and commercial sales, letting and property management, new developments and investor education since 2000. With over 100 franchise offices in South Africa, we draw on our extensive industry experience to assist you to purchase and manage property in South Africa and Namibia.
Just Property has been awarded seven International Property Awards as the best Letting Agency and highly commended Real Estate Agency in South Africa and Africa over the last 3 years.
JUST PROPERTY Let’s open doors