Weekend Argus Saturday

Interest rate drop will see property market boom

BRIGHT FORECAST

WITH interest rates set to stabilise and even decline, Cape Town could see a property boom, especially in the commercial sector.

Grant Elliott, COO of Thibault Investments, who is also on the board of the Cape Town Central City Improvement District (CCID), foresees a stable year of recovery for the Cape Town CBD property scene.

He said with fewer people working exclusively from home, there’ll be some stabilisation of the office market.

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