There are, currently, many positive signs for the future of the property market.

Tony Clark, MD of Rawson Properties, believes that interest rates in South Africa are set to be cut even further.

Clark adds that an interest rate cut of 0.5% will benefit the property market, perhaps far more than most people realise.

Currently, many households have more disposable income now than they have had in years. And buying confidence is starting to return. Added to that is the fact that interest rates are at record lows, and house prices are now more affordable.

The prime interest rate is at 9.0%, and another cut could bring the rate down to 8.5%.

The banks are also granting more 100% home loans, making homeownership much more attainable.

These factors all point to a very positive future for the property market.

Bond Originator South Africa

Co Founder of Mortgage Innovations

Leave a Reply

Your email address will not be published. Required fields are marked *