Breaking Stories
Samuel Seeff, chairperson of the Seeff Property Group, says it has become clear that conditions are now favourable for the Reserve Bank to cut the interest rate. The Bank of England's recent cutting of the UK interest rate signals that it is time for the rate to come down.
A rate cut will bring relief for consumers and property buyers. In addition to lowering the cost of debt and freeing up more from household budgets, it will also bring down the cost of homes, says Seeff. Although the bank lending conditions remain strong, an uptick in the market will be a further boost for the banks.
Property Advice Property Finance Property Investment
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Property scams to watch out for in SA, warns property groupWith the ease of online advertising and access to an ever-increasing pool of information, property scams and cybercrime have become prevalent and even more sophisticated than ever before.
Read more »
Gauteng farmer found stabbed to death and throat slitBreaking Stories
Read more »
Man kidnapped, robbed: Wanted woman expected in Bloemfontein courtBreaking Stories
Read more »
ZCC resumes annual conference in Moria this weekendBreaking Stories
Read more »
Mozambican court sentences notorious KNP poaching kingpinBreaking Stories
Read more »
Keeping pets indoors without affecting resale valueBreaking Stories
Read more »