Unemployment and interest rate hikes predicted to hit property market

📆 04/02/2022 05:00:00
📰 mailandguardian

⏱ Reading Time:
20 sec. here
2 min. at publisher
📊 Quality Score:
News: 11%
Publisher: 92%

Brasil Notícia Notícia

Brasil Últimas Notícias,Brasil Manchetes

Unemployment and interest rate hikes predicted to hit property market - The volume of new mortgage applications reached multi-year highs amid record low interest rates

, as well as the precarious state of South Africa’s economy, may spoil the appetites of prospective homeowners who earlier in the Covid-19 pandemic would have enjoyed a vibrant market.

in South Africa and abroad remaining at elevated levels, central banks are bound to set monetary policy on the path towards normalisation in 2022. As the repo rate is lifted the cost of borrowing goes up and homebuyers end up paying more on their mortgages.Subscribers get access to all our best journalism, subscriber-only newsletters, events and a weekly cryptic crossword.

Escrever Comentário

Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

Brasil Últimas Notícias, Brasil Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

MARKET WRAP: Focus on rates caps JSE’s gainsInvestors are keeping a wary eye on interest rates, pricing in a string of hikes from the Fed and the Bank of England
Fonte: BDliveSA - 🏆 12. / 63 Consulte Mais informação »