Yes that’s right, ESKOM might actually be good for property prices. How can I say that? Well, the fact that for the next 5 years there are probably not going to be any new developments happening and this will most definitely cause a shortage in property. That will cause property prices to rise.

This is probably not good news for first time buyers and that is why I think now is the time to get into the property market. Currently it would seem, with the interest rate hikes and America on the verge of a recession, that we are experiencing a buyers market. This is the perfect time to get your hands on property at affordable prices.

So, do what ever you can to get into the property market this year, the world cup is also on it’s way so next year is going to be interesting to see what happens to the property market.