Budget comment property - Chas Everitt

"Although the Budget did not contain many direct benefits for the real estate industry, we welcome it as largely positive and confidence boosting, which will undoubtedly have a spin-off in the property market," saysBerry Everitt, CEO of the Chas Everitt International property group.

"Especially encouraging aspects are the fact that the GDP this year will be higher than initially expected at 2,3%, and that government's budget deficit will be cut to 7,3% of GDP.

"In addition, it looks like most spending will be taking place in all the right areas to support a developing economy - job creation, especially for young people; health; education and skills training, affordable housing and most of all infrastructure development, particularly in rural areas. All these considerations are vital if SA is to become more productive and comeptitive and take its place among the leading nations of the world.

"And finally, we cheer the Minister for finding enough in the Budget to even offer R6,5bn worth of tax relief to individuals - and for taking a strong stance on corruption and tax evasion."

The Mega/Press Network

Loading comments
More news articles
news
Guidelines to securing a home loan
29 May 2018
Many young South Africans are working hard to achieve their dream of purchasing their first home. However, the process can be challenging due to the daunting application process, which can take up to 2 years and is often enough to discourage prospective buyers.
read more
news
Things you should consider before upgrading to a new home
23 Apr 2018
The thing about the property ladder is that at some point in our lives we all have reason to want to climb a rung or two higher. Sometimes, it’s because we’ve outgrown our previous dream home, or because we want to be in a better neighbourhood that’s closer to work or to schools. Sometimes it’s because our circumstances have changed, and we’re taking care of elderly parents or relatives. Sometimes, it’s just because we want a property that reflects the financial status our hard work has won.
read more