PARKS PROPERTY ADVICE
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IN THE NEWS
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3rd QUARTER 2014
Signs of improvement for SA economy
Africa seen as the next frontier
SA property purchases start to feel the
impact of increased interest rates
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SA property purchases start to feel the impact of increased interest rates
Latest statistics show that the interest rate increases in January and July are starting to constrain residential property buying. In August, the net number of home loan applications received by BetterBond declined 2,8% year-on-year. Meanwhile, home prices are still increasing and low stock levels will probably ensure that they keep rising, although perhaps more slowly if interest rates rise over the next 18 months as has been predicted.
Compiled from IOL Property News
