Why 2025 is a great year to buy a property
The property market is starting to look far more attractive than it has done in recent years. The repo rate has come down, impacting on the rate at which we loan from banks, and whilst this is a modest slow downward progression, it could be enough to encourage new buyers to enter the market.
Alongside are sellers who anticipate being able to secure a better price for their homes than they might have even just a year ago.
Some of the reasons to buy or sell in 2025 include:
- More homes on the market, and more homes translates into a larger choice.
- The lower interest rate eases the costs of buying a home.
- Greater potential to save for a deposit.
- Buying now means you can lock in your property finances and plan ahead accordingly.
Check your status
- Do a free credit check to ensure that you are considered a good loan risk.
- Apply for a pre-qualified home loan.
- Determine through Private Property’s affordability calculator, how much home you can afford.
Booming areas
- Local suburbs will be boosted by 2024's 6.3% surge in retail sales and new shopping centres.
- The addition of 111 000 new finance sector jobs in Gauteng in 2024.
- Upcoming infrastructure projects and new developments are attracting business travellers to areas like Sandton.
- The Gautrain’s expansion costing some R120-billion, will triple the rail network’s size, creating 125 000 jobs in five years.
- Business tourism shows a 17% growth in business travel arrivals.
- Living amid the largest man-made forest in the world elevates home values by up to 10% in some areas.
- Best of both worlds; coastal and country.
- Between 2023-2024, average property prices realised an increase of 7.7%, with forecasts of between 3-7% anticipated.
- The luxury market is booming, thanks largely to international investors.
- Higher occupancy rates in new developments are indicating strong demand for modern living spaces.
- Cape Town is ranked the 14th fastest-growing tech city globally.
- The local job market is growing, in turn creating a demand for urban housing as inner-city property becomes more unaffordable.
- With home values in Pretoria East increasing by 5-7%, demand for luxury estate is increasing.
- Commercial activities are increasing too, influencing new lifestyle trends that appeal to new residents.
- Gautrain and Rapid Bus Transit System have dramatically improved Menlyn’s connectivity.
- Menlyn is host to Africa’s first green development - Menlyn Maine - a hub of retail, commercial and leisure activities and is being compared to Sandton City and surrounds.
- New apartment developments are presenting an average of R12-15 000 a month rentals, although stock below that is limited.
- Tagged as having booming industrial growth with affordable properties.
- Infrastructure upgrades already underway for roads, water, housing.
- The Richards Bay Industrial Development Zone, near the port, is set to increase job opportunities.
- Potential to become one of the world’s global ports due to expansion potential.
- Living is ‘easy’, with outdoor activities highlighted such as beach activities, wetlands, and nature at close touch.
- High rental yields and luxury beachfront developments are increasingly attractive to the property investor.
- Infrastructure upliftment is increasing property values.
- Easy access to Durban’s key business hubs, and its own commercial centre, the Umhlanga Ridge New Town Centre.
- Consistently ranks as a top-performing area for Sectional Title sales by Rainmaker.
- Focus on family-oriented lifestyles.
- Household incomes are soaring.
There are scores of up-and-coming areas, even in rural environments as people seek new lifestyles and an improved quality of life. Also, as the country improves its economic stance and interest rates either stabilise or decline a little further, sentiment in the property market should improve making this an ideal time to consider your next property purchase.
