INVESTING
October 2023 ( Statistics SA ). We are on target , so we can likely breathe a sigh of relief as it is unlikely that the Reserve Bank will increase interest rates further .
The current prime interest rate in SA is 11.75 % and many economists believe that interest rates are nearing the top and will then begin to stabilise .
3 . Opportunities unveiled : Property price growth Contrary to some concerns , the property market holds so many opportunities . Lightstone ’ s Residential Property Index ( October 2023 ) reveals a current annual capital growth of 3.2 % for property prices .
The map below shows the latest Lightstone Provincial House Price Inflation status .
Source : Lightstone Residential Property Index ( July 2023 )
Real Estate Investor Magazine FEB 2024 50