Those who left KKM headed there: "Safe haven seen, its star is shining"

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Lerato Khumalo

The housing sector is entering 2025 with hope. The revival in sales, which started in the last quarter of the year, is expected to continue increasingly next year. According to research, the increase in housing purchases; It seems that the BES guarantee application, which came into effect on July 1, is effective.

It is stated that BES participants purchased housing with 92 percent of the money they withdraw from their savings within the scope of the partial payment application that started as of July 1.

Another source that stimulates sales is the shift from KKM and bank deposits to the sector. As of the second half of the year, a significant amount of KKM and bank deposits are seen to be used for housing purchases. On the other hand, it is stated that gold savings, called under the pillow, are also turned into housing investments.

INVESTORS TURNED THEIR DIRECTION

According to the news in Ekonomim, industry players said, “Housing prices have reached their lowest levels in recent years. This offers a serious opportunity for those who want to buy. An increase in sales is observed due to the decrease in bank interest rates, the expectation that prices will increase and the desire to own a house. This momentum will continue until the end of the year.