SA housing market to fall off a hill, not a cliff

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SA housing market to fall off a hill, not a cliff: The market is set to slow as consumers feel higher bond costs but the slump will not be as dramatic as in economies where buoyancy is the rule not the exception

Higher lending rates and weaker economic outlooks will inevitably temper once spiritedSouth Africa’s residential property market is not immune to these headwinds.

However, housing markets can look drastically different from country to country — and though, like others, South Africa’s got a boost from historically low interest rates, longer-term trends have set it up for a less painful slump.will decide on how large an interest rate hike it will unleash on borrowers.

 

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