Repo Rate Relief Revives Residential Buys

[Biz-Community]Commenting on the reduction in the interest rate by the South Africa Reserve Bank, Dr Andrew Golding, CEO of Pam Golding Properties, notes that this is welcome news, providing a confidence boost to the economy as well as the property market. Although inflation is lower, consumers continue to feel the pressure of high and ever-increasing electricity costs - high fuel prices and increasing property rates.