Date: 7 September 2022
Duration: 40 minutes
Watch our host, Louis Kruger, Managing Director at Kruger Attorneys & Conveyancers Incorporated and our Leadhome Properties and Bondspark panel of professionals share their valuable expertise, knowledge and market insights while providing you with all the right answers to your property-related questions.
Topic
After 2 years of historically low prime lending rates which saw record sales in both 2020 and 2021, the economic landscape has suddenly changed quite substantially as the result of rising inflation driving repeated interest rate hikes, fluctuating petrol prices, ongoing load shedding and increased economic pressure negatively impacting consumer confidence.
And with two more Monetary Policy Committee (MPC) announcements still due by the South African Reserve Bank on the 22 September and the 24 November this year, market opinion is leaning quite heavily towards the likelihood of a further 1,25% increase in place by year-end, bringing the prime interest rate to around 10%.
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Leadhome Properties, SA’s No 1 low-fixed-fee estate agency knows that when it comes to high-value transactions such as real estate, buyers and sellers alike need a reliable partner they can trust through transparency and certainty. Leadhome Properties is and will always be your trusted partner when buying or selling property.
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