November Interest Rate Cut

Good news for buyers as interest rates decrease

The South African Reserve Bank (SARB) has announced a drop of 0.25% in the repo rate, lowering it to 6.75%, and bringing the prime lending rate down to 10.25%. RE/MAX of Southern Africa

Adrian Goslett, CEO of RE/MAX Southern Africa, describes the move as a timely boost for both prospective home-buyers and current homeowners. With inflation under relative control and global economic pressure still present, this rate cut is seen as a supportive, strategic step toward stimulating the local economy. RE/MAX of Southern Africa

If you’re thinking of entering the market—whether buying or selling—this is an opportune moment. I encourage you to read Adrian’s full article for more detail and insights: Link to CEO’s blog post.