The debate – whether it is more financially sensible to rent or buy a house – is an ongoing one. South Africa’s current economic condition has created a doorway for many new buyers to enter the property market. Those that could not previously afford to buy property because of the higher listing prices are
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Following the global financial crisis in the first quarter of 2008, South Africa’s property market appeared to grind to a halt following its massive boom in the years from 2000 to 2006. Then, in 2010, the market experienced a brief upsurge as the country hosted the 2010 FIFA World Cup, but slowed down again in
...read moreThe Monetary Policy Committee cut the Repo Rate of South Africa by 100 basis points! This brings the repo rate to 10.5% and the prime lending rate to 14% ...read more
The South African Monetary Policy (MPC) will make its decision on the new interest rate for February 2008 known soon. Will it fall by 0.5% or even more?
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What will happen in the property market in South Africa now it seems interest rates are making a turn for the better again?
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