Bangkok Thailand
No Result
View All Result
Sunday, May 18, 2025
  • Visit Bangkok
  • Places to see
  • Living in Bangkok
  • Working in Thailand
  • Buying Property
Bangkok Thailand
  • Visit Bangkok
  • Places to see
  • Living in Bangkok
  • Working in Thailand
  • Buying Property
No Result
View All Result
Bangkok Thailand
No Result
View All Result
Home Buying Property

Low interest rates fueling property buying boom: SA

by
January 27, 2023
in Buying Property
0
Low interest rates fueling property buying boom: SA
152
SHARES
1.9k
VIEWS
Share on FacebookShare on Twitter


  • 59% of panellists say the property shopping for growth will final for at the very least one other 12 months
  • 54% say the growth is negatively impacting the rental market
  • 97% say the SARB will maintain the repo fee this week

South Africa’s property shopping for growth isn’t going to decelerate anytime quickly, in accordance with Finder.com’s SARB repo fee forecast report.

59% of Finder’s panel say the growth will maintain itself for at the very least one other 12 months, with 30% saying the pattern will proceed till the tip of 2022 and 29% saying it’s going to final even longer.

In the meantime, simply two panellists (7%) assume the market will decelerate by November.

Alexander Forbes chief economist Isaah Mhlanga thinks the growth will final for an additional 12 months as a result of traditionally low repo fee.

“Home costs have declined throughout the pandemic and as a result of discount in rates of interest. Financial coverage will begin to rise rates of interest in 2022 thus growing the price of servicing debt and decreasing affordability and demand for property,” he mentioned.

Whereas 97% of panellists anticipate the repo fee to carry this week, a number of panellists together with Commonplace Financial institution head of SA macro analysis, Elna Moolman, say it’s going to rise in 2022.

“We see the inflation outlook as benign sufficient for the SARB to proceed supporting the financial restoration in a prudent method. In our view, the SARB can and may delay rate of interest hikes until 2022.”

Citadel chief economist Maarten Ackerman agrees the financial institution ought to maintain the speed till 2022. Each Ackerman and Moolman say the present fee surroundings is fuelling the property market.

“We’re in a consumers’ market and with present rates of interest in any respect time lows extra customers can enter the market,” mentioned Ackerman.

Investec chief economist Annabel Bishop thinks the speed will maintain this week however says any fee enhance shouldn’t occur till at the very least 2023.

Bishop can also be a part of the bulk (54%) who say the growth has negatively impacted the rental market.

Nevertheless, 25% don’t assume the growth has negatively impacted the rental market and don’t anticipate it to. 4 Rivers managing director Lebohang Liepollo Pheko says the market will proceed to be supported by younger adults and college students.

“Youthful people who find themselves nonetheless climbing the property ladder will nonetheless hire as a result of they really feel unsure concerning the future. As well as, unemployment numbers amongst potential consumers who work in covid susceptible sectors are additionally extra hesitant to purchase,” she mentioned.

Prime elements stopping a fee hike cited by panellists embody gradual restoration of the employment fee (62%), inflation being contained this 12 months (55%) and accommodative US financial coverage (45%).

 

Copyright © 2022 AfricaBusiness.com – All supplies can be utilized freely, indicating the origin AfricaBusiness.com Offered by SyndiGate Media Inc. (Syndigate.info).



Source link

  • Trending
  • Comments
  • Latest
Cover Story: Marisa Chearavanont And The Art of Caring

Cover Story: Marisa Chearavanont And The Art of Caring

August 20, 2020
Volvo Cars Thailand

Volvo Cars Thailand Center hub for South-East Asia

March 18, 2020
US federal holidays

US federal holidays UU. 2020: When are they this year?

February 15, 2020
Myanmar Junta Bars Men From Working Abroad – Thailand News – Thailand News, Travel & Forum

Myanmar Junta Bars Men From Working Abroad – Thailand News – Thailand News, Travel & Forum

May 7, 2024
Bangkok

Bangkok 20th on expat city list

1
Bangkok plummets in popularity

Bangkok plummets in popularity with expats. Taipei heads the list.

1
10 Best Places To Visit In Thailand

10 Best Places To Visit In Thailand

0
Pope Francis to take anti-nuclear mission to Japan’s ground zeros:The Asahi Shimbun

Pope Francis to take anti-nuclear mission to Japan’s ground zeros:The Asahi Shimbun

0
Here’s Why You Should Visit Bangkok in August

Here’s Why You Should Visit Bangkok in August

July 30, 2024
HCMC monthly cost of living for 4: over $1,700

HCMC monthly cost of living for 4: over $1,700

July 30, 2024
Things To Do At Chaloem Ratchmongkhon Line 2024

Things To Do At Chaloem Ratchmongkhon Line 2024

July 28, 2024
Hoi An beats Chiang Mai, Bangkok to become world’s fourth most beautiful city

Hoi An beats Chiang Mai, Bangkok to become world’s fourth most beautiful city

July 23, 2024

We bring you the best Premium WordPress Themes that perfect for news, magazine, personal blog, etc. Check our landing page for details.

Recent News

Here’s Why You Should Visit Bangkok in August

Here’s Why You Should Visit Bangkok in August

July 30, 2024
HCMC monthly cost of living for 4: over $1,700

HCMC monthly cost of living for 4: over $1,700

July 30, 2024

Categories

  • Buying Property
  • Living in Bangkok
  • Places to see
  • Visit Bangkok
  • Working in Thailand

Site Navigation

  • Privacy & Policy
  • Other Links
January 2023
MTWTFSS
 1
2345678
9101112131415
16171819202122
23242526272829
3031 
« Dec   Feb »
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Do not sell my personal information.
Cookie SettingsACCEPT
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT
No Result
View All Result

© 2025 JNews - Premium WordPress news & magazine theme by Jegtheme.