The property market moved into positive territory last year, marking the first sign of improvement since 2012, bringing along with it the return of irresponsible “property gurus”, said property expert Siva Shanker (pix).
“For 2018 and 2019, I believe we are at the bottom of the U-curve. The market improved in 2018 compared with 2017, for the first time since 2012 except for a small positive in 2014. Last year we were already in the positive. The first quarter of 2019 compared with the first quarter of 2018 also showed a small improvement,” he told SunBiz.
However, the return of market confidence also comes with the return of so-called “property gurus” who are offering easy loan schemes such as 100% loans with money back guarantees aimed at speculative buyers.
Media Title: The Sun
Date: 30 Sep, 2019