South Africa property industry sends warning to homeowners

  • 📰 BusinessTechSA
  • ⏱ Reading Time:
  • 33 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 61%

대한민국 뉴스 뉴스

대한민국 최근 뉴스,대한민국 헤드 라인

As we approach what is likely to be another steep rate hike for consumers and homeowners, Samuel Seeff, chairman of the Seeff Property Group warns that another rate hike shock will be dire for the property market and economy.

As we approach what is likely to be another steep rate hike for consumers and homeowners, Samuel Seeff, chairman of the Seeff Property Group, warns that another rate hike shock will be dire for the property market and economy.

Seeff said the country is now seeing the effect on the economy of rising inflation, accelerated rate hikes and load shedding, which appears to be increasing in frequency and duration. The impact on a mid-level home is that homeowners now have to pay an additional R1,244 per month on an average loan of R1 million over twenty years, as their repayments increased from R7,753 in November to R8,997 in July.

He added that a significant benefit of the low-interest rate of the past two years has been that it enables significantly more first-time buyers to purchase their own homes with zero-deposit and cost-inclusive home loans.

이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오:

 /  🏆 24. in KR
 

귀하의 의견에 감사드립니다. 귀하의 의견은 검토 후 게시됩니다.

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

ACSA thriving amid uncertainty and unpredictability in aviation industry: Mpofu - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.The Airports Company South Africa (ACSA) says uncertainty and unpredictability have dominated the aviation industry in recent years. However, the company has shown resilience amid challenges facing the sector. WHAT UTTER BULLSHIT WITH 1 BILLION LOSS. ACSA needs to up its game, airports are not up to standard and queues are long. Airplane ✈️ tickets are ridiculously expensive these days. Honestly, not acceptable!!
출처: SABCNews - 🏆 37. / 51 더 많은 것을 읽으십시오 »