Interest rate South Africa

The interest rate hike announced by the Reserve Bank on Thursday (24 January) means homeowners will be paying extra on their monthly bonds in South Africa.

While there are stock shortages in certain areas, the market remains well-balanced. “The interest rate remains an inducement for buyers who can still find favourable bank lending conditions. It is generally still cheaper to buy than rent, said Seeff. New monthly cost It is estimated that after averaging 5.6% last year, national house prices are likely to increase by 3-4% in 2022. Old monthly cost