Repo rate comment: Economy needs a kick-start, says Dr Andrew Golding.

Gauteng population growth boosts housing demand.

Unchanged repo rate unlikely to stall housing market momentum.

Increasing web searches for homes in Bryanston and Sandton.

Public-private collaboration welcomed, says Dr Andrew Golding.

With R127-billion’s worth of investments earmarked for the Eastern Cape across an array of sectors and spanning a significant portion of districts, Gqeberha is seeing an influx of home buyers and investors, as well as renters, relocating to Nelson Mandela Bay Municipality from Gauteng.

Priced at R45 million thro ugh Pam Golding Properties, Trovato House is an impressive manor house in Upper Wynberg with late Victorian and neo-classic architectural details.

“As expected, the Monetary Policy Committee meeting today (18 July 2024) announced that the repo rate would again hold steady at 8.25%, with the prime lending rate therefore remaining at 11.75% - for the seventh consecutive meeting.

According to a recent Savills report which explores global trends in the world of real estate, after several years of global disruption and macroeconomic volatility, there is cause for optimism in real estate markets as healthier, greener living becomes increasingly important.

London’s reputation for capital preservation and stable returns in the residential property market remains unassailable, despite global uncertainties. As a result, it remains a top choice for property investors seeking steady income and long-term investment and capital growth.