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Will 2018 end on a high note for the residential property market?
Experts hope the final quarter will save difficult, lean year.
All eyes in the residential property market are on the facts and figures emanating from the last three months of the year, in the hope that 2018 will end on a positive note.
The property market has been battered by the economic climate, rising fuel prices and other increasing costs of living.
But while the effects of the economic, political, and climatic pressures have been âundeniableâ, says Schalk van der Merwe, franchisee at the Rawson Properties Helderberg Group, the fourth quarter could be the turning point that kickstarts the Western Capeâs property market back into high gear.
He attributes this positive outlook to progress in three of the key areas responsible for the past yearâs property contraction: the drought crisis, a decrease in semigration, and an uncertain political environment.
âThe drought hit the Western Cape hard on many fronts. Not only did we get significantly fewer local and international tourists we also lost many of our upcountry buyers as semigration dried up right alongside our water.
Read more: Will 2018 end on a high note for the residential property market?
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