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Dear Guest,
In Minister Pravin Gordhan’s Budget speech delivered on 22 February, a significant benefit to Home Buyers will be the immediate increase in transfer duty threshold to R900,000 (from R750,000)…thus saving almost R15,000 in transfer duty. This change will positively impact first time buyers in the residential market, and will alleviate pressure on buyers, thus boosting the property market says Chris Tyson. The South African Property Market outlook for 2017 is predicted to have steady or stable house price growth, with somewhat low interest rates, further adding encouraging stimulus for the property market.
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