SA Property Seekers

The decision by the South African Reserve Bank Governor, Gill Marcus, to cut interest rates by 0.5% was a surprise welcomed by most property experts. The prime interest rate will move from 10.5% to 10%. The last time the prime interest rate was at 10% was in 1981, and some economists are predicting another small [...]

The past few weeks has produced some very interesting news regarding the South African property market. Here’s a short round up of what been happening. Interest Rates: Let’s start with the most recent interest rate announcement. The South African Reserve Bank (SARB) surprised everyone when it announced that rates will remain unchanged. Clearly the SARB [...]