Samuel Seeff

South Africa's Repo rate slashed by 1%

In an attempt to offset the economic damage from the Covid-19, South Africa’s repo rate has been slashed by 100 basis points or 1% bringing the repo rate down to 4.25% on Tuesday morning.

Interest Rates Unchanged

Some good news to start the year off as the Monetary Policy Committee (MPC) announced today that interest rates will remain unchanged. The prime lending rate therefore remains at 10.25% and the repo rate at 6.75%.

SONA lacked the excitement to boost Property Market, says Estate Agent

President Jacob Zuma’s 2017 State of the Nation Address (SONA) lacked the excitement needed to boost the economy and property market, the chairman of one of South Africa’s estate agency said on Thursday.

Steady repo rate welcomed as housing market outlook remains weak

The decision by the Monetary Policy Committee of the South African Reserve Bank to leave the repo rate unchanged is most welcome in a climate where the economic and housing market outlook remains weak.

Interest Rates on hold, good news for economy and property market

South Africans have welcomed the decision by the Monetary Policy Committee of the South African Reserve Bank to retain the repo rate at 7%, making it easier for real estate business to prosper.

Property Sector looks to Budget 2016 for relief on Transfer Duty

When Finance Minister Pravin Gordhan delivers the 2016 budget speech this week, It is unlikely that national treasury will change the transfer duty on property but estate agents are wary.

Kwazulu Natal property market warms up to the city’s development plans

The greater Durban metropolitan housing market is showing signs of stability and steady growth. Over the past two years, we have seen some stability in both sales volumes and prices.

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