The recent ruling by the Supreme Court of Appeal where the body corporate of Gardens Lodge in Cape Town was found to have charged a “patently exorbitant” interest rate on levies that were outstanding.

With VAT increases and generally soaring prices taking their toll on South African pockets, it’s no wonder most people have been buckling up for tough financial times ahead. The cost of living is certainly climbing, but as it turns out, it’s not all doom and gloom on the horizon.

Banks are showing an increased appetite to lend according to first quarter (Q1 2018) property statistics recently released by ooba, South Africa’s leading home loan originator.

The latest interest rate hike may lead to a mild dip in the outlook for commercial property but this is likely to be short-lived and represents a buying opportunity