Property boom

With property buyers becoming more cautious due to rising interest rates, "affordable suburbs' will experience a major boom this year, followed by central business districts around the country, says Sotheby's International Realty executive director Barak Geffen.

With property buyers becoming more cautious due to rising interest rates, "affordable suburbs' will experience a major boom this year, followed by central business districts around the country, says Sotheby's International Realty executive director Barak Geffen.

"Suburbs like Lenasia South, Kenmare and Elsburg in Gauteng have experienced over 60% year-on-year growth."

As property growth continued to level off this year investors would have to hold on to property for longer for best returns. - Thomas McLachlan

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