SARB hikes repo rate by 50bps, prime lending rate now 11.75%

Property24 Newsletter [property24 |Find Your Perfect Home]( Weekly Select [SARB hikes repo rate by 50bps, prime lending rate now 11.75%]( The South African Reserve Bank's Monetary Policy Committee has raised the repo rate by a further 50 basis points to 8.25% per year, leaving the prime lending rate at 11.75% – the highest it has been since 2009. [Read More]( Top Reads [Zeeland Pier – Luxury Cape Town living from R1.025m - R6.07m]( Discover Zeeland Pier, Cape Town's newest development, set to be completed by the end of 2024, comprised of 58 stylish apartments, showcases ultra-modern interiors with subtle maritime influences. [Read more]( [Exploring property transactions: an A-Z guide]( When buying, renting, or selling, clients are often met with an assortment of new phrases related to the property industry. It is important for clients to familiarise themselves with these terms to avoid running into trouble later. [Read more]( [Enhance your home's value: Discover effective upgrades and avoid value-decreasing investments]( Not all upgrades are equal and, whilst many will deliver on returns, there are some remodels that can work against you and could even make your home less desirable. [Read more]( [Property and Golf: South Africa's top 10 golf courses for 2023]( As a follow up to this year’s Africa Wealth Report, the South African wealth intelligence firm New World Wealth have reviewed the top golf courses in South Africa for 2023. [Read more]( [Plettenberg Bay's incredible success continues despite challenges of stock shortages]( Plettenberg Bay has always been popular and everyone, including the country’s wealthiest, have long coveted a second home in the scenic seaside town. [Read more]( Also see [Africa proved resilient with 6.3% growth in ultra-high-net-worth individuals]( [Networking: The key to real estate success]( [Facing Deeds Office delays? | Learn how to fast-track your business property registration]( [The importance of having a decent lease agreement]( [7 crafty ways to use bubble wrap in and around the home]( [More Property News …]( [property24 | Find Your Perfect Home]( [fb]( [fb]( [tw]( [yt]( [pint]( [android]( [apple]( [Gauteng]( [Alberton]( [Benoni]( [Boksburg]( [Centurion]( [Edenvale]( [Johannesburg]( [Kempton Park]( [Midrand]( [Pretoria]( [Randburg]( [Roodepoort]( [Sandton]( [Soweto]( [KwaZulu-Natal]( [Durban]( [Pietermaritzburg]( [Umhlanga]( [Western Cape]( [Bellville]( [Cape Town]( [Durbanville]( [Hermanus]( [Paarl]( [Somerset West]( [Stellenbosch]( Other [Bloemfontein]( [East London]( [Nelspruit]( [Polokwane]( [Port Elizabeth]( [Rustenburg]( [Witbank]( [View this email in your browser]( [Unsubscribe](