MPC holds the repo rate steady: a pause for stability—but what does it mean for the property market?
Nedbank’s head of home ownership, JP Viljoen, shares what the unchanged repo rate means for the property market.
Nedbank’s head of home ownership, JP Viljoen, shares what the unchanged repo rate means for the property market.
After three consecutive rate cuts, the Reserve Bank’s Monetary Policy Committee decided to maintain the repo rate at 7.5% last week. What does this bode for residential real estate? It’s not as bad as you might think.
MAIN IMAGE: JP Viljoen, head of home ownership at Nedbank South African homeowners and prospective buyers have been navigating a turbulent financial landscape over the
Last week, the repo rate was cut by 25 basis points for a third time, bringing the prime rate to 11%. In our quarterly update on the repo rate, industry leaders explore what this cut means for buyers and sellers and what to expect for the rest of 2025.
According to the January BetterBond Property Brief, we’re starting the new year on a positive foot. Despite a slight dip in the number of home loan applications during December, last year witnessed a turning point in the downward trend of home loan activity, with 6.6% year-over-year growth in the BetterBond home loan index—substantially higher than the current inflation rate of 2.9%.
The December BetterBond Property Brief brings with it a bit of festive cheer; 294 000 new jobs were created in Q3, the declining trend in home loan activity seems to have turned a corner, and there is an impressive year-on-year decline in deposits.
The Absa Homeowners Sentiment Index for Q3 points to an improving market and highlights key trends that emerged in 2024.
Read the repo round-up here with expert advice about what to expect after the second consecutive rate cut – our experts look at regions set to grow, what’s happening in the mortgage market, and what we can look forward to in 2025.
The latest BetterBond Property Brief is full of good news, except for deposits. Compared to Q4 of 2023, it shows that home loan applications jumped by 30%, while the quarter-on-quarter increase was also impressive at 18%.
BettterBond highlights six ways life will change for homeowners due to the drop in the repo rate.