Property Brief


November 2023

Property Brief - November 2023

New home loan applications started Q4 2023 with a positive 7.6% QOQ increase. The YOY increase was more muted at 2%, but nonetheless signals some stability returning, and the resilience of the residential property market. This follows the steep drop in activity since the SA Reserve Bank embarked on its restrictive monetary policy stance in November 2021. Compared to Q4 2021, the number of new home loan applications is down 18%. Prospective homebuyers will be hoping for lower interest rates in 2024.

Property Brief November 2023 Download

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