Latest properties to rent and for sale in Blouberg

Affordably priced homes below R1.5 million are flying off the shelves in the Cape Town Metro, to the extent that there is currently a shortage of stock in this price band.

Driven by record-year low interest rates and the current granting of100% bonds to first time buyers, the purchase versus rent option has swayed in favour of owning rather than renting, especially for young people who have been excluded by rising prices in recent years.

Based on the figures from the Deeds Office, the property market has shown some steady signs of recovery after being brought to a complete standstill as a result of the national lockdown during the second quarter of 2020.