Will the Cape housing rally last?
Property prices in the Western Cape are streaking ahead of those in other provinces amid ongoing semigration. But could affordability issues reverse the trend?
25 May 2023 - 05:00
The housing market seems to be buckling under the strain of aggressive interest rate hikes (and fears of more to come), relentless load-shedding and a looming recession.
Latest deeds office figures show the number of home loan registrations across South Africa dropped 14% year on year in the six months to end-March. In Gauteng and KwaZulu-Natal the drop was 15% and 19% respectively. ..
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
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.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.