Category "South African Market"

August29, 2024
by Gary

Will South Africa’s 2024 Elections Are Shaping the Real Estate Market?

The 2024 South African general elections have set a new record with 27.79 million registered voters, the highest since the dawn of democracy in 1994 . As the country navigates the aftermath of these elections, significant implications for the real estate market are emerging, particularly in urbanisation trends, demographic shifts, and political stability. Here’s how these factors are influencing the real estate landscape, especially in key regions like Gauteng, KwaZulu-Natal, and Cape Town.

Elections, Elections 2024, Politics, Real Estate, South African Market
August29, 2024
by Gary

Reserve Bank Holds Rates with Positive Outlook

The South African Reserve Bank’s (SARB’s) Monetary Policy Committee has voted to hold rates for the eighth consecutive time, keeping them at 15-year highs.The repo rate remains at 8.25%, with the prime lending rate at 11.75%, the highest since 2009, in effect since May 2023. This decision aligns with market expectations, as most economists anticipated a hold. It is expected that the SARB will not cut interest rates ahead of the US Federal Reserve.

Business, Economic Outlook 2024, Finance, Financial Planing, Foreign Investment in Real Estate, Icon Property Group Insights, Interest Rate Management, Political Impact on Real Estate, Real Estate, Real Estate Agent, Real Estate Financing, Real Estate Insight, South African Market, Stock
August29, 2024
by Gary

Free State: A Haven for First-Time Buyers

The Free State is rapidly emerging as a haven for first-time homebuyers, thanks to its affordability and appealing market conditions. In this province, the average purchase price for first-time buyers remains below R1 million, making it an attractive option for young and new buyers looking to enter the property market.

Icon Property Group Insights, Marketing, Property Data, Property Reports, Real Estate, Real Estate Agent, Real Estate Insight, Smart Home Investments, South African Market, Sustainable Living