It remains one of the best times in decades to buy property, says Samuel Seeff, chairman of the Seeff Property Group.<\/p>\n
The key driver of the market, he says, is the five-decade low interest rate which currently provides about a 30% saving on borrowing costs. At the same time, the banks are still keen to lend and first-time buyers can find favourable conditions.<\/p>\n
In this episode of Business Talk with Michael Avery, Seeff talks through the challenges of having to change an industry that is traditionally face-to-face, into a digital one.<\/p>\n
He walks Michael through some of the property trends South Africans can expect in the coming year, for both buyers and sellers, across the country.<\/p>\n
Seeff says that the curve ball thrown by the arrival of Covid-19 has seen a big change in the industry as a whole, and mostly for the good. “What we have seen, and what we have done, is move in the space of eight – nine months what might have taken us three to four years.”<\/p>\n
He believes many of these technological changes are expected to remain in the group as employees have changed their skill sets.<\/p>\n
The full interview is embedded below. You can find all the Business Talk with Michael Avery interviews here<\/a>.<\/p>\n