News Results

In 2022, the rental market continued to recover from the low rental growth rates recorded in most of 2020 and 2021 because of the global pandemic.

As was predicted by economists, academics and analysts, the SARB has announced a 0.25% interest rate increase.

PayProp's quarterly Rental Index for Q3 2022 has highlighted continued growth in the residential rental market with a 2.9% year-on-year increase

Yesterday the SARB announced yet a further increase in the lending rate by 75 basis points.

A semi-gration to the Western Cape property market trend has been detected by Property Practitioners and confirmed by the statistics during the last 5 years

The reserve bank has just announced a further 75 basis points increase in the interest rate (0.75%).

Demand for residential properties saw recovery during Q1 2022 with the market's vacancy rate recuperating to 8.26%, compared to 13.31% a year earlier

This afternoon we had another hike in the repo rate of 0,75%. This will push the prime overdraft lending rate to 9% which would increase the monthly instalment

The SA Reserve Bank's MPC hiked the repo rate on 19 May 2022, to 4.75% and the prime rate to 8.25%.

South Africans have during the last 2 years enjoyed record-low interest rates.