CAPE TOWN - The South African Reserve Bank reduced its repo rate by 25 basis points yesterday during the third Monetary Policy Committee meeting.
Experts say this is a good time to enter the housing market especially as more cuts are expected this year.
WATCH | Discussion | SARB decreases interest rates by 25 basis points
OOBA Home Loans reported an average property purchase price rise to R1.67-million-rand with a 6.5-percent annual increase.
OOBA home loans CEO, Gavin Lomberg discuss further with eNCA.