For consumers eagerly anticipating an interest rate cut, the news is not promising. The likelihood of a rate cut being pushed back to the end of the year, if it happens at all, is increasing, according to most experts who have revised their mid-year predictions.
Adrian Goslett, Regional Director and CEO of RE/MAX of Southern Africa, says that this will be a hard knock for the real estate market. Many homeowners have been struggling to keep up with their bond repayments at the current level and are anxiously waiting for an interest rate cut to bring some relief.
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