Have a look at homes R6 million can buy you in South Africa compared with the UK, Ireland, the Netherlands, and Australia.
Global interest rate hikes and rising inflation have made purchasing a house harder this year, no matter where new homebuyers are looking.
Tony Clarke, managing director at Rawson Property Group, said that homebuyers in South Africa are likely to continue to feel the pinch and practice belt-tightening as interest rates show no signs of easing. The latest data from the International Monetary Fund , last updated on 22 September 2022, showed that global house prices have consistently been rising.
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