Jump to content
House Price Crash Forum
Sign in to follow this  
BandWagon

Cape Town Property Bubble

Recommended Posts

Seems like there are some people in South Africa who understand what is happening to their property market...

Try this for size:

Monthly rental : R2400

Asking price : R520000

So that would make a gross yield of about 5.5%, and bear in mind that interest will cost you about 11% (The SA res bank just raised rates .5%)

Seems like people are buying in the hope of capital growth, and not for income.

It's only been 6 years, and we have the dot-com stupidity all again.

http://capetownbubble.blogspot.com/

Edited by BandWagon

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 302 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.