News & Advice Trending

real estate in South Africa

Comment on the US presidential election outcome from Berry Everitt, CEO of the Chas Everitt International property group, an affiliate of Leading Real Estate Companies of the World©: 

Donald Trump’s surprise victory in the US presidential election is expected to have a mildly positive effect on the SA property market in the short to medium term, says Berry Everitt, CEO of the Chas Everitt International property group.

“The rand is likely to recover from market shock that caused a major overnight drop in the exchange rate against the US dollar, the Pound and the Euro, and the good news for SA consumers and homeowners who are experiencing financial strain at the moment is that we do not expect the election outcome to trigger any local interest rate increases.”

“However, we do expect the rand to continue for the next 12 months at least to trade at levels that make South African property an attractive option for international investors buying with those currencies. Indeed, local real estate is becoming increasingly sought-after among high net worth individuals seeking value for money, good returns and locations that offer a superior lifestyle.”

“In addition, investors weary of unexpected events such as the Brexit vote outcome and this US election outcome may well decide to ‘park’ in safe haven investments such as gold for the next few months and this will further boost the gold price, which is currently (9 November) up about US$25. This will be positive for the SA economy – and property market – as it will help to protect jobs.

“Meanwhile in the longer term, we foresee that Asian currencies will continue to strengthen against the US dollar, and that South Africa will be a major beneficiary as the middle class in countries such as China, India and Indonesia expands rapidly and the newly wealthy in those countries join the rush to invest overseas, especially in property.”  

This article “Trump Win: What It Means For Real Estate In South Africa” was issued by Chas Everitt International.

Shares 0

Leave a Reply

You might also like...

10 Common Mistakes First-Time Home Buyers Make
4 Home Selling Misconceptions Debunked
3 Questions To Ask Before Listing Your Home
4 Home Selling Myths Exposed
What Will Residential Property Market Do In 2017?
4 Tips To Improve Your Home Value With These Holiday Maintenance Projects
Trump Win: What It Means For Real Estate In South Africa
How Millennials Are Changing The Real Estate Market
Making Your Property Work For You
Will Your “Smart” Home Attract More Buyers?
Green Buildings Catching On In South Africa
Time To Help The Children Get Onto The Property Ladder?
Have The Elections Impacted The Property Market?
Resilience Characterises Property Market In South Africa
Do’s And Dont’s Of Home Equity
A Property Revolution: Rise Of The Millennials!
How To Protect Your Property: Home Safety
Benefits Of Selling Your Home Before Legal Action
When Does A Real Estate Agent Earn A Commission?
Time To Make The Right Choice For Retirement Living
5 Ways To Maximise Your Credit Rating
Budget Tips For A Smooth Switch From Renting To Owning
Buy First And Cut Your Stress Level
How To Avoid Buyers Remorse
Occupational Rent And Your Rights
How Millennials Can Save For A Deposit
Conveyancing Fees: What Are You Paying For?
6 Steps To Prevent Property Transfer Delays
10 Steps To Choosing The Right Investment Property
How Do You Know You Are Ready To Buy?
Making The Most Of Your Property Purchase
10 Biggest Mortgage Mistakes First-Time Home Buyers Make
Is Winter A Great Season For Home Buyers?
The Right Information Will Assist The Agent
Create Home Buyer Appeal Through Home Staging
Is There A Difference Between Offers?
How To Decide When To Sell
Does My Agent Care About Me Or Just The Commission?
3 Questions To Ask Before Listing Your Home
I Just Bought A Home – Now I’m Unexpectedly Being Transferred
What Is The Difference Between Value And Marketability?
Time To Stage Your Home When Selling
Get Higher Offers On Your Empty Home
When Is The Best Time To Sell A Property?
How Important Is Financial Fitness For Home Sellers?
Real Estate’s Dirty Little Secret And Why It’s Costing You Money!
5 Top Draw Cards For Millennial Buyers
4 Home Selling Misconceptions Debunked
Selling A Home With Pets
Gauteng Property Rental Market Forecasts Growth
Keeping Track of Parking On Common Property
How And When To Legally Evict Tenants
The Rental Housing Amendment Act: Waiting For Light In The Dark?
Tenants: Be Aware Of Ongoing Credit Checks
How To Rent With Pets
Is My Landlord Liable To Provide Security?
Why Are Property Inspections So Important?
Rental Property: To Furnish Or Not To Furnish?
Why Prevention Is Better Than Cure: Eviction Procedures For Landlords
Important Insurance Issues For Landlords
Stay In The Rental Market Or Buy?
The Major Benefits Of Buy-To-Let Investments
Foreign Tenants Must Be Legal
Rand Decline Boosts Appeal of South Africa’s High-End Rental Properties
5 Mistakes To Avoid When Relocating
7 Tips For Packing And Moving Quickly
Moving? Things To Think About!
Maximising Small Spaces
7 Tips To Help Your Children To Adapt To The Move
What To Do With Your Home When You Have To Relocate
Moving With Pets Can Be Tricky
Estate Agent Moving Tips
Telltale Signs You Need A New Home
Seven Signs You Need A New Nest
Über Wealthy On The Increase And On The Move
Dangers of Debt Consolidation Without A Plan
5 Biggest Downsides of Paying Off Your Bond
Push Into South African Real Estate Not Slowing Down
Problems Repaying Your Bond? Get The Banks In Your Corner!
How To Kill The Interest On Your Bond
Risk And The Role In Determining Insurance Premiums
Keeping Repo Rate Stable Makes Sound Economic Sense
Effects Of Higher Interest Rates On The Property Market?
How Will A Sub-Investment Status Impact The Property Market?
Is Property Still The Safest Investment In 2016?
Tips To Keep Up With Your Bond Repayments In Difficult Times
Tough Times Ahead for the Property Market
Could The Weaker Rand Benefit The Country?
Property Market Ends 2015 On A Strong Note
Look After Your Bond First This Festive Season
Green Buildings Catching On In South Africa
Digital Disruption And The South African Commercial Real Estate Market
Can You Run A Business From A Sectional Title Home?
What’s Driving Change In The Commercial Property Sector?
5 Ways Commercial Property Space Planning Can Save You Money
Investing In Commercial Property an Attractive Option
3 Obvious Signs That It’s Time For Office Relocation
3 Things You Need To Know Before Buying Vacant Land
Price Correction In Commercial Property Market
South Africa: Evolution of Industrial Properties
The Commercial Times Are Changing
Healthy, Sustained Demand For Commercial Property
Incoming Inspections Are Vital For Rental Property
Which Factors Cause Property Values To Increase?
10 Common Mistakes Commercial Property Landlords Make