29/05/2026
PROPERTY MARKET UPDATE: Prime Lending Rate Rises to 10.50%
The South African Reserve Bank has announced a 0.25% interest rate hike.
The Quick Numbers:
Previous Rate: 10.25%
New Rate: 10.50% 🔺
Estimated monthly bond increases:
R1 Million bond: Approx. +R168 pm
R1.5 Million bond: Approx. +R251 pm
R2 Million bond: Approx. +R335 pm
🏡 What does this mean for your property plans?
While this requires a slight budget adjustment, the SA property market remains resilient, and banks are still competing heavily for qualified buyers.
Whether you are looking to buy, sell, or simply want to know what your home is worth in the current market, the Keller Williams Select Realty team is here to guide you.
📲 Send us a direct message today for a complimentary property valuation or expert advice!