Despite the decision by the SARB’s to hold interest rates, financing a bond is still 40% more expensive compared to only 19 months ago.
These are some valuable tips for those looking to sell their homes in the current property market.
Property experts have responded to the latest rate hike and shared their outlook for the property market.
Seeff Property Group has highlighted coastal towns that are seeing a significant boom.
Recent rate hikes point to only a select handful of South Africans being able to buy a home.
Here are the most expensive areas to buy property in Cape Town, with some areas seeing combined sales of more than R8 billion over the course of 2022.
Here is a list of the most popular hotspots for holiday home buyers, with estimated prices a prospective buyer would be looking at and an explanation of why these areas are attractive.
The work-from-home pandemic-induced trends has spurred a wave of home-based small businesses and cottage industries.
The rental rate for a family house in a middle-class suburb is now around R14,000 to R28,000 per month - with the average at around R20,000, according to the Seeff Property Group.
Homeowners and consumers are in for more belt-tightening as the interest rate rises for the sixth successive time with the Reserve Bank hiking the repo rate by another 75 basis points to 6.25%.
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