Property Demand Rising, Buyers Warned To Proceed With Caution

The ongoing demand for property has surprised most experts, causing them to warn home buyers to be mindful of uncontrollable factors such as interest rates, unemployment and wage hikes that can directly affect the values of their property.

Just over the weekend, the property sector has performed impressively as 72.3% of 1,328 auctions were sold under the hammer – the biggest auction weekend so far.

Demand for property has been steady for the past 12 months, but experts are concerned regarding the shortages in housing as well as a possible interest rate increase looming in the future.

Read more on the Property Observer website.