Times are changing, more and more people are choosing to let properties over buying a property outright, there are many different factors that contribute to people choosing to let over buying a property outright. This article is aimed at exploring some of the reasons why people might choose to opt to look into estate agents Jersey over the traditional buying and mortgage approach that we have.
Estate agents in Midrand – why the shift in patterns?
As mentioned previously there are many different reasons why people are choosing to look into letting agents. It is only after you have looked at all of the different variables and contributing factors that you can truly understand why there is a shift patterns. Some of the variables and contributing factors as to why people are shifting away from estate agents in Midrand include:
Current change in economic climate – this aspect has contributed greatly in the shift in people opting to go down the route of estate agents in Midrand One reason why this has created change is because the current economic climate and the issues with the banks are having an impact on borrowing. The current borrowing rate is only set at three and a half times your salary for first time buyer. This rate isn’t a realistic target for most first time buyers as house prices aren’t falling in line with this rate.
Current trends – the current trend is to rent their properties rather than buy, they have been doing this for many years and Midrand is starting to follow suit. Midrand may only be following suit out of necessity but it also has a positive impact as in terms of supply and demand curves it means that house prices should fall. This would be bad for people who already have property but works out well for first time buyers.
As you can see there are a few different reasons why people are going down the route of looking into estate agents in Midrand; if you would still like more information then this can be found by entering the keywords ‘estate agents in Midrand’ into an internet search engine.
Estate Agents in Midrand by emproperty.co.za. Visit their website today if you’re looking for Property for Sale in Midrand.