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Property market | Interest rates hamper bond approvals

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As expected, the interest rate hike cycle is hitting the residential property market.

This is according to the BetterBond Property Brief.He says the Reserve Bank's cautious approach has seen the cost of credit surge since 2021.

"The total value of outstanding mortgage loans today in South Africa is lower in real terms than it was ten years ago," Botha said. "This economy has never been able to grow at sustained rates unless private sector credit is growing, that is not happening."

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Umnotho wethu awusaphumanga rescess sekuyi lunch.

AbsaSouthAfrica StandardBankZA Nedbank FNBSA Investec When Julius_S_Malema is president we won’t need bonds, right princess DZumaSambudla 😬

The SA government don’t want their people to own land

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West African countries struggle to raise funds from regional debt market - SABC NewsWest African countries of the eight-nation economic and monetary union are struggling to raise funds on the regional capital market, as investors demand higher interest rates amid tightening liquidity, financial market sources said. Very soon even South Africa will be affected by this,this country is slowly becoming Zimbabwe financially, the Currency is getting weaker and weaker daily
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