Tightening financial conditions are choking consumers all over the world.
Higher lending rates and weaker economic outlooks will inevitably temper once spirited housing markets, with signs of cooling already in evidence.
South Africa’s residential property market is not immune to these headwinds. However, housing markets can look drastically different from country to country — and though, like others, South Africa’s got a boost from historically low interest rates, longer-term trends have set it up for a less painful slump.
In two weeks’ time, the South African Reserve Bank will decide on how large an interest rate hike it will unleash on borrowers.
Support the journalism that helps you navigate your world
Looking for another offer?
Sarah Smit
Sarah Smit is a general news reporter at the Mail & Guardian. She covers topics relating to labour, corruption and the law.
press releases
Loading latest Press Releases…
