‘Cheaper is better’: Student cribs and holiday rentals bring in the big bucks

If you’re looking to invest in property but aren’t sure where to put your rands, student rentals and holiday accommodation could be worth your penny.

“Buying the right kind of residential property in the right location and at the right time in an interest rate cycle, are key ingredients for extremely sound investment potential,” she said.letting market, then your investments should be in popular tourist hubs where there is ongoing demand for holiday letting,” Reynolds advised.

South Africa’s high inflation has left many homeowners struggling to repay their loans, forcing some to consider parting ways with their property.Weighing in, Reynolds said now might be the best time to make the pricey purchase. “If you can secure an investment now and get the numbers to work within your budget at the current interest rates, then the advantage of seizing the opportunity to purchase now before house prices start increasing, is that as soon as the cycle turns, you will reap the rewards of the declining interest rates and enjoy greater profitability,” she explained.

Source: Education Headlines (educationheadlines.net)

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