The recent interest rate cut could be a watershed for the SA residential property market, strengthening consumer confidence and sparking demand for homes in Johannesburg which have been selling below the national average.

The Reserve Bank trimmed its repo rate by 25 basis points last Thursday, bringing the benchmark to 7.5%. The reduction brings welcome relief to the residential market, making home loans more affordable and providing first-time buyers with more cost-effective options...

Subscribe now to unlock this article.

Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).

There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.

Cancel anytime.

Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.