We are pleased to present below all posts archived in 'May 2022'. If you still can't find what you are looking for, try using the search box.
The Reserve Bank of South Africa (SARB) recently announced that the Monetary Policy Committee (MPC) had decided to raise the repo rate by 50 basis points, to 4.75% with effect from the 20th of May 2022. This is a departure (though not shocking) from a trend that the market had got accustomed to, where the rate mostly fluctuated on a quarter point basis.
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In the past two years it has been opined that due to the economic slump caused by the Covid-19 pandemic worldwide, the property market will also not be spared in seeing lower sales.
While that cannot be denied in some quarters, there have been significant sales encountered in some areas in the South African property market. Of course, this is a classic case of going against the grain as any other market was expected to experience lower sales that those actually realised.
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