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To fix the rate or not too, that is the question
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With the SA Reserve Bank on the verge of increasing the repo rate by an estimated 0.25 basis points, consumers will have to start rethinking expenses and especially give buying a house a second thought. This is probably the largest purchase one will ever make, so it’s important to make sure that monthly repayments are affordable, if you apply for a bond, says Carl Coetzee, CEO of BetterBond.
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Possible stabilising of office vacancies, strong decline Industrial Property vacancies on the cards
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John Loos, Property Sector Strategist at FNB Commercial Property Finance, analyses the latest Property Broker Survey. An interesting result from the most recent 4th quarter 2021 FNB Property Broker Survey was that the rising vacancy rate trend in the Office Property Sector is perceived to have more-or-less stalled.
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Views on the future of rentals
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The state of the rental industry in South Africa was recently investigated and analysed by PayProp rental specialists. This was the third annual rental survey by the international which aims to gauge agents’ perception of PropTech, the state of their own businesses, and the rental market overall.
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Lessons learnt in real estate in 2021 to take into 2022
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SPEAKERS CORNER: Economists are expecting marginal interest rate hikes during the course of 2022, and they predict that the market will not see pre-COVID interest rates for several years. This bodes favourably for property buyers and investors alike.
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