Homebuyers entering the property market for investment are likely to find opportunities for their first purchase within the affordable housing sector. While industry commentators are noting that the property market is still stronger than it was in the 2008-09 recession, some areas are doing better than others. The top end of the market is slowing down, and the more affordable,...
South Africa’s Bank Lending Rate was reduced to 7.75 % per annum in April 2020. South Africa’s Bank Lending Rate data is updated daily, averaging 10.250 % per annum from December 1948 to 26 April 2020. The lending rate reached an all-time high of 25.5 % per annum in 18 Oct 1998 and a record low of 4.5 % on...
Student Accommodation Resilient Despite Pressure On Property Market While all three property types - residential, commercial and industrial - have been under pressure in South Africa for a while due to macro-economic factors at play, the niche segment of purpose-built student accommodation has been relatively resilient due to its hedge benefits in economic downturns, as well as a general under-supply...
