Repo rate cut - Everything Property
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Repo rate cut

Repo rate cut

Commentary from Bruce Swain, CEO of Leapfrog Property Group, in light of the announcement about the drop in the repo rate.

Commentary from Bruce Swain, CEO of Leapfrog Property Group, in light of the announcement about the drop in the repo rate.

“The decision by the South African Reserve Bank’s Monetary Policy Committee to drop the repo rate by 25 basis points from 6.5% to 6.25% is one that the property market certainly welcomes. A lower interest rate in the buyer’s market that we’re currently in bodes particularly well for those looking to enter the market for the first time. We know affordability remains a key concern as households struggle amidst a stagnant economy, which is why financial relief, however marginal, is great news.”

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