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March 2025

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Possible Decline in Interest Rate
 
  Dear Guest,

On 21 November 2024, South Africa's Monetary Policy Committee is anticipated to announce a potential 0.25% interest rate cut, reflecting global trends and easing inflation. While this offers hope, interest rates are expected to remain above pre-pandemic levels of 6-7% through 2025, and significant rate reductions are unlikely in the near future. A further rate decrease could provide short-term relief for homeowners and buyers by lowering bond repayments and boosting buyer activity. However, the property market's recovery will depend on broader economic factors, including consumer confidence. Real estate professionals are advised to focus on proactive client engagement to navigate both ...
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Pranil Maharaj
Principal, Prime Property
 
 
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  Prime Property South Coast
(031) 566 5416
www.primeproperty.za.net
 
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