Low interest rates means now is the best time to buy property

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Low interest rates means now is the best time to buy property
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EVEN though a lot of people have lost their jobs or suffered salary cuts, property experts say this is the best time to buy property.

Cape Town - While a lot of people have lost their jobs or suffered salary cuts, real estate experts say this is the best time to buy property.

Should you not have the funds to purchase upfront, Van Zyl said renting was also a good option. It also allows for flexibility if you are not sure about where or how long you want to stay in an area. Regional director and chief executive of RE/MAX, Adrian Goslett, agreed that it was a great time to buy property.Goslett said there were a lot of first-time home buyers in the market at the moment owing to the record low interest rates that often make it more affordable to buy than to rent.

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