Inflation Falls to 4.6% – Can I Finally Buy?
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Despite rising home prices, South Africa is still in a buyer’s market. Experts are predicting interest rate cuts in 2024, making it a favourable time to apply for home loans. Banks are in stiff competition to secure customers in this tough economy, which in turn sees approval of home loans more likely.
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As required by the Deeds Registry Act, when transferring your property upon sale, you need a rates clearance certificate to certify that you don’t owe money to the local municipality.
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