Property demand in South Africa set to rise after Gill Marcus, the Reserve Bank governor dropped interest rates to a 30 year low.

Looking to buy property in South Africa? Well, a new website, PropertyMate.co.za has been established to help first time property buyers with basic and practical advice on how to go about in buying immoveable property in South Africa.

The website is a brain child of Acker Phiri, a mortgage originator. According to his words, “I started Property Mate website to help property buyers and sellers on what to do to avoid burning their fingers when buying property in South Africa.

“But most importantly, I started Property Mate to save property buyers time and money, particularly in Pretoria area, by ensuring that all essential and property-related services are incorporated in one website. For an example, a property buyer will now be able to pre-approve himself or herself for a home loan through Property Mate without physically visiting the bank.

Property Mate will also make it possible in future for property buyers to take home loan insurance cover online by just clicking a few buttons. Most interestingly, Property Mate help protect first time property buyers from being ripped-off by giving property buyer tips, for example, on how to check if the property is overpriced or not, what to do before signing an offer to purchase, why it is important to inspect the property with a handyman or home builder before committing paper to ink, how to verify if the property was built in accordance with local municipality by-laws.(I mean, no one wants to buy a house and later realize that the building plan used was not approved by the local municipality, as such the whole house needs to be demolished.)

Property Mate also has a panel of professional property lawyers who can assist property buyers with practical, legal advice on how to go about in buying or selling property. A dedicated team of mortgage originators is available to assist property buyers with home loan or mortgage application at no charge or cost to the buyer.

So, if you are seriously considering buying property in South Africa, particularly in Pretoria, this is the right time because interest rates in South Africa have dropped to a 30 year low. Best of all, properties in South Africa are still priced ridiculously low.  But with the recent drop of interest rates, the prices are slowly but surely going to rise in the near future.