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Real estate market is starting to recover - BetterBond CEO

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GUEST – Bradd Bendall - CEO of BetterBond

Although the interest rate has been at a 10 year high of 11.75% for two years, there are indicators that the real estate market is starting to recover. This is according to the most recent BetterBond Property Brief for April 2024, which shows a 7.8% increase in bond applications over the first three months of the year despite the highest interest rates levels since 2014. House prices have also recovered, with year-on-year inflation rates for first-time and repeat buyers hitting their highest levels since the SA Reserve Bank began raising interest rates at the end of 2021.
22 Apr 2024 10AM English South Africa Business News · Investing

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