Discussion | SA Property Market | Decline in new home applications

CAPE TOWN - The home rental market is booming. 

Experts attribute this to interest rates and consumer affordability. 

South Africans have seen ten consecutive interest rate increases since 2022, leading to a decline in new home loan applications. 

READ: Discussion | Property market under strain

This trend has remained steady since quarter three and four of 2023. 

Andrew Fulton, Director for research company, Eighty20 unpacked more on this during his discussion with the eNCA.