Property prices are dropping

Properties are a good investment in the long term. However, for this investment you need to have a certain 'investment horizon'. In other words the time to recover from dips in the market.

Since 2008 prices of properties in South-Africa have dropped. Inflation, rising costs of fuel, food, electricity and the household debt levels are responsible for this.

I have noticed the changes here in the area. For example the Moditlo Game Reserve, where one could buy a 1 hectare full title deed stand for R450,000 in 2008, now prices come closer to R250,000! So property prices are dropping 

To read more go to: Property consultant in the bush.