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Cape Town Property Bubble

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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.


Edited by BandWagon

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  • 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%

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