Residential rental market experiencing COVID-19 induced pressure

Sep 15, 2020 9:38:55 PM Share this:

South African Residential rental market is currently experiencing the effects of the COVID-19 economic situation. The latest PayProp Rental Index for Q2 2020 shows the first indications brought on by the pandemic and subsequent lockdown. With unfavourable effects on rental levels, growth and non-payments in the country, as well as widespread household financial pressure – the rental market is likely to follow this trend into the near future. 


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Topics: Richard Gray, Harcourts South Africa, Interest Rates, Rental Market, COVID-19

Lowest interest rate in 47 years creates rare opportunity for buyers

Jul 24, 2020 7:13:48 PM Share this:

Harcourts South Africa welcomes the announcement by The South African Reserve Bank (Sarb) to cut interest rates by a further 25 basis points, creating a rare opportunity for real estate investors and buyers in general. This takes the total cut in 2020 to 300 basis points, lowering the repo rate to 3.5% and the prime lending rate to 7%. The lowest rate implemented by the Bank in almost 47 years.


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Topics: Richard Gray, Harcourts South Africa, Interest Rates, Buyers and Sellers, Corona Virus, COVID-19

Interest rate cut: The break SA consumers need

Jul 22, 2019 5:34:14 PM Share this:

Harcourts South Africa welcomes the announcement by the South African Reserve Bank that interest rates will be cut by 25 basis points. This is the first easing in policy in over a year and in a time when many South Africans are feeling the pressure this comes as welcomed relief. Especially considering that many economists are predicting another cut later in the year.


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Topics: Richard Gray, Harcourts South Africa, Interest Rates, South African Markets

Buying a home? Home loan interest rates 101

Nov 26, 2018 10:00:00 AM Share this:

 

 
Buying a house is one of the biggest decisions in life and, albeit an exciting one, it is not to be taken lightly, especially when it concerns home loans, lending rates and repayments.

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Topics: Harcourts South Africa, Interest Rates, Home Loan Advice, Harcourts Real Estate, First time homeowner