It came as a shock to many South Africans when the Monetary Policy Committee (MPC) of the Reserve Bank announced its decision to increase the interest rate for the first time since July 2012. Read articles titled Unexpected Interest Rate Hike Provides Challenges for Property Market and The Monetary Policy Committee's decision to raise interest rates has come as a shock to find about what the experts in the industry have to say about this move.
Property experts have also warned that continuing weakness of the rand will have a significant “downside risk” to residential property market performance as this will translate into a rise in inflation and higher import prices. Continue reading this article on Weak rand to hit housing market.
On the other news, while many are still shocked and uncertain of what the property industry future may have in store after an unexpected announcement of the interest rate hike, Shaun Rademeyer, CEO of BetterBond Home Loan advices prospective buyers to not get too hung up on trying to “read” market cycles or interest rate trends, or they might miss the property boat altogether. Read a full story on The right timing is right now.
With summer in full swing, many homeowners have turned their attention to the outdoor living spaces of their property because of the benefits they provide to their families. Find out how on an article titled Investing in your outdoor space can pay off.
In this week's Focus On section, we take a closer look at Sasolburg in Freestate. A question for the younger generation;did you know that when the Free State Province was still known as Orange Free State, the motor vehicle registration prefix for Sasolburg was OIL? Read about that and more in this week's Newsletter.