Price right and sell soon to avoid much higher holding costs

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Even though the inflation rate is down again this month, education, health and transport costs have all risen again this year, and worse is soon to come for homeowners and sellers as Eskom and local authorities implement their annual tariff increases.

”Meanwhile, says Hagan, it appears unlikely now that the Reserve Bank will lower interest rates until the end of the year at the earliest, thanks to the fact that inflation is taking longer than expected to drop to the 4,5% target rate, and because the Fed in the US is also holding off on rate cuts, which makes the Rand more vulnerable.

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