Property News

After spending an extended time confined within our home, our once cosy spaces can easily start to feel more like a prison than a place of safety. For homeowners who are looking for ways to keep motivated within these challenging circumstances, a change in environment can help boost morale and make a space feel like new.

The recent interest rate cut announced earlier this month, as an attempt to curb economic decline as a result of COVID-19, has brought South Africa’s cost of lending to the lowest level on record. South Africa’s prime lending rate is now sitting at 7,25%.

Following the announcement that clarified the official Level 3 regulations, clause 46 read in conjunction with Table 2 makes it clear – all business services bar those stated in Table 2 may operate under Level 3. This means that all real estate services may operate as of 01 June.