Low interest rates fueling property buying boom: SA - ZAWYA

Bisi Adedun . 2 years ago

Low interest rates fueling property buying boom: SA – ZAWYA

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Article Summary: South Africa’s property buying boom isn’t going to slow down anytime soon, according to Finder.com’s SARB repo rate forecast report. 59% of Finder’s panel say the boom will sustain itself for at least another year, with 30% saying the trend will continue until the end of 2022 and 29% saying it will last even longer.…


South Africa’s property buying boom isn’t going to slow down anytime soon, according to Finder.com’s SARB repo rate forecast report.

59% of Finder’s panel say the boom will sustain itself for at least another year, with 30% saying the trend will continue until the end of 2022 and 29% saying it will last even longer.

Meanwhile, just two panellists (7%) think the market will slow down by November.

Alexander Forbes chief economist Isaah Mhlanga thinks the boom will last for another year due to the historically low repo rate.

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