Property.CoZa Capital

23/11/2024

The South African Reserve Bank (SARB) has cut the repo rate by 25 basis points to 7.75%, reducing the prime lending rate to 11.25%.

This move reflects cautious optimism amid easing inflation, which dropped to 2.8% in October. However, global risks and economic uncertainties persist, influencing the Monetary Policy Committee's (MPC) decisions.

SARB Governor Lesetja Kganyago highlighted structural reforms in energy and transport as vital to boosting growth and stabilizing inflation. Future rate cuts are anticipated, but decisions remain data-driven, balancing risks like rising electricity costs, a volatile rand, and global economic pressures. Domestic reforms remain critical for resilience.

17/10/2024

When selling a property, one of the key legal documents required is the Rates Clearance Certificate (RCC).

11/10/2024

Unlock Your Dream Home with Property.CoZa!

At Property.CoZa, we hold the key to your dream home!

Whether you're a first-time buyer or looking to upgrade, we offer a wide range of beautiful properties in prime locations. With our expert guidance and personalized service, finding the perfect home has never been easier. Let us help you turn your dream into a reality!

Ready to find your dream home? Contact us today and start your journey with Property.CoZa.

Visit our website at www.propertycoza.com and find your perfect property match.

24/09/2024

Happy Heritage Day, South Africa!

Today, we celebrate the rich tapestry of cultures, traditions, and histories that make our nation so unique. Just as our beautiful land is filled with diverse stories and landscapes, your home is a space where your heritage thrives and memories are made.

As we honor our shared legacy, let’s remember that every home tells a story. At Property.CoZa we're here to help you find the perfect place to continue your journey, surrounded by the beauty and culture of South Africa.

Wishing you a day filled with Ubuntu, unity, and celebration. 🇿🇦

21/09/2024

The South African Reserve Bank’s Monetary Policy Committee (MPC) has lowered interest rates by 25 basis points, as anticipated, despite a significant 50 basis point cut in the US the previous night.

With this reduction, South Africa’s repo rate now stands at 8%, and the prime rate at 11.50%.

This decision by the MPC means that the monthly payment on a new R2-million home loan at the prime rate will decrease by nearly R350. Since the MPC began raising rates in 2021, repayments on a R2-million bond have increased by R7,000 per month.

SARB Governor Lesetja Kganyago indicated that the current trend of cooling inflation is expected to continue. He also mentioned that the MPC anticipates the repo rate will stabilize above 7% next year.

In August, consumer inflation fell below the Reserve Bank's target of 4.5%. The MPC was waiting for inflation to approach the 4.5% midpoint of its 3% to 6% target range before reducing rates. The cooling of inflation has largely been driven by lower fuel prices, thanks to a drop in oil prices and a strong rand. Further relief is expected, with significant diesel and petrol price cuts anticipated in early October.

18/09/2024

17/09/2024

Overpricing your home can work against you. Homes that sit on the market too long can make buyers wary and may eventually sell for less.

Setting the right price from the beginning is crucial in creating momentum and attracting serious buyers. Pricing too high can lead to fewer showings and offers, while pricing competitively generates interest and urgency.

Remember, your home’s price needs to reflect its true market value, not just what you hope to get. Trust your Property Professionals expertise and market analysis to guide you in making the best decision.

Contact one of our Property Professionals located across South Africa, and get a free market assessment on your property to ensure the correct pricing:
https://www.propertycoza.com/agents/

08/09/2024