Low interest rates fuel residential property boom
21 Oct 2020
During the third quarter of 2020 (Q3 20), South Africa’s COVID-19 lockdown moved from Alert Level 3 through to Level 1. In June, pent up demand for properties saw residential property sales skyrocket after the reopening of the property market during lockdown Level 3. This property market boom continued through the third quarter, fuelled by low interest rates and favourable lending terms from South African banks.