Low interest rates fueling property buying boom: Finder.com’s economist panel
59% of panellists say the property buying boom will last for at least another year
54% say the boom is negatively impacting the rental market
97% say the SARB will hold the repo rate this week
South Africa’s property buying boom isn’t going to slow down anytime soon, according to Finder.com’s SARB repo rate forecast report.
59% of Finder’s panel say the boom will sustain itself for at least another year, with 30% saying the trend will continue until the end of 2022 and 29% saying it will last even longer.
Meanwhile, just two panellists (7%) think the market will slow down by November.
Alexander Forbes chief economist Isaah Mhlanga thinks the boom will last for another year due to the historically low repo rate.
“House prices have declined during the pandemic and due to the re...