Despite the probable easing of interest rates and promises made during the budget speech, South African buyers remain prudent.
South Africa’s residential buyers remain prudent despite the likely eventual easing of interest rates and promises made during the budget speech.
The SARB will meet again at the end of March, with most economists anticipating another 25bp hike, signalling the peak of the cycle. Despite sale volumes slowing, properties bought as investments and for semigration continued to climb. The residential market is stable overall, but buyers remain cautious and are waiting to see what happens, especially after the February budget. “The actions of the government will speak louder than words,” he said.in the property market is the transfer duty bracket has increased by 10%, meaning that there will be no transfer duties on properties worth less than R1.1 million.
He added that Treasury proposing a total debt-relief arrangement for Eskom of R254 billion would affect how investors view South Africa and how confident the local market is to invest in property.volumes slowing and buyers being more cautious.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
South Africa has a new property hotspot – these are the houses you can getSouth Africa has a new property hotspot - these are the houses you can get
Read more »
East Africa: South Africa Tries to Breathe New Life Into East African RelationsAnalysis - Beneficial bilateral ties as well as regional issues with East Africa have been neglected by Pretoria.
Read more »
Africa: Russia Sanctions a Boon for Chinese Arms Sales to Africa?Russia has long been the biggest exporter of arms to sub-Saharan Africa, but a new study indicates Western sanctions are making it harder for Moscow to sell weapons, opening the door for more Chinese-made arms.
Read more »
Africa CDC Strategic Plan 2022-2026 – Africa CDCExecutive Summary Africa Centres for Disease Control and Prevention (Africa CDC) was established in January 2016 at the 26th Ordinary Assembly of Heads of State and Government as a specialized technical institution of the African Union. It was officially launched in January 2017. Following its launch, Africa CDC developed its inaugural five-year Strategic Plan (2017-2021). […]
Read more »
5 important things happening in South Africa todayRamokgopa says law will not be compromised, Durban’s sewage crisis, Steenhuisen accuses Mabuza of Eskom corruption, police raid Cape Town Mayco member office.
Read more »
South Africa’s dark history of dodgy coal contractsCorruption, mismanagement, industrial sabotage and technical incompetence at Eskom are nothing now. Neither is load-shedding. They date back to at least the 1950s, at National Party-controlled power utility Escom, writes BlackmansReview.
Read more »