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Samuel Seeff is chairman of the Seeff Group.
Interest rate disappoints, but South Africans will buy property this festive season

The decision by the South African Reserve Bank (SARB) to retain the repo rate at 3.5% (home loan base rate at 7%) is disappointing and out of step with the economy...

By Samuel Seeff 20 Nov 2020

South Africans buying property like it's Black Friday

We never thought we would be seeing a sustained market rally this long after the April-May Covid-19 lockdown, but it seems that South Africans are buying property as if it is a Black Friday sale...

By Samuel Seeff 6 Nov 2020

#ConsciousLiving: Top greening features sought by property buyers

Cultivating a sustainable lifestyle is no longer just a wish-list, but the continued persistence of Eskom's load shedding combined with the pressure on water resources means that greening and energy-efficient features are fast becoming imperatives for homes...

By Samuel Seeff 19 Oct 2020

Rate decision welcomed as first-property buyer's market booms

The decision by the South African Reserve Bank (SARB) to retain the repo rate at 3.5% (home loan base rate at 7%) is welcome news...

By Samuel Seeff 18 Sep 2020

Rate cut welcomed as property rebounds on pent-up demand

The decision by the Reserve Bank to cut the repo rate by a further 25 basis points to 3.5%, reducing prime and the base home loan rate to a further historic low of 7% is welcome relief for the property market and households...

By Samuel Seeff 24 Jul 2020

Sellers, be ready to capitalise on pent-up demand post-lockdown

There is no doubt that the post-Covid-19 lockdown recession will weigh on the property market...

By Samuel Seeff 14 Apr 2020

#Budget2020: Transfer duty, personal tax relief welcome news for property market

The 2020 Budget Speech presented by minister of finance Tito Mboweni is broadly welcomed, in particular the raising of the transfer duty threshold to R1m...

By Samuel Seeff 27 Feb 2020

Budget 2020: Stalling property market needs economic relief

The stalling property market is in dire need of economic relief. The 2016-2018 transfer duty and capital gains tax (CGT) hikes were never going to result in higher government revenue...

By Samuel Seeff 24 Feb 2020

Rate cut welcomed for housing market, but more needed

The decision by the Reserve Bank's Monetary Policy Committee to cut the repo rate by 25 basis points to 6.25% (from 6.5%), reducing the mortgage rate to 9.75% (from 10%) is welcomed, but we need more...

By Samuel Seeff 17 Jan 2020

Tale of two markets, will 2020 be a turnaround for property sellers?

Two to three years ago the property market was all about sellers, rising prices and the tale of two cities with Cape Town on a high performance trajectory with no price too high for upper-end sellers...

By Samuel Seeff 26 Nov 2019

No rate cut, but still a good time to buy

After a challenging year for the property market, the decision by the Reserve Bank's Monetary Policy Committee to retain the repo rate unchanged at 6.5% and the mortgage rate at 10% is disappointing...

By Samuel Seeff 22 Nov 2019

Property buyers are heading back to the market, are you ready to sell?

Property buyers are heading back to the market according to recent property market reports, but are you ready to sell? It is often much easier to purchase property than to sell it, especially in the current buyer's market...

By Samuel Seeff 16 Oct 2019

Rate cut should've been bolder to kickstart economy, property market

While welcoming the decision by the Monetary Policy Committee (MPC) of the Reserve Bank to cut the repo rate by 25 basis points to 6.50%, the bank should have been bolder...

By Samuel Seeff 19 Jul 2019

Property market: Flat prices, more stock and potential rate cut ahead

The news that the economy contracted by 3.2% in the first quarter and that the GDP growth outlook for the year has been adjusted to 1% by the Reserve Bank and Moody's is not what we had wanted to hear right now...

By Samuel Seeff 14 Jun 2019

Rate cut needed to kickstart the economy

The Reserve Bank should have been brave and should have cut the interest rate to kickstart the economy...

By Samuel Seeff 24 May 2019

Buyer analysis-paralysis, the elections can't come quick enough

The 2019 elections simply cannot come quick enough. It is time to get it done and dusted as quickly and efficiently as possible so that we can get back to the business of building the economy and property market...

By Samuel Seeff 30 Apr 2019

Property market outlook flat as we head towards May elections

While we wait for the conclusion of the May elections and the economy to take the positive turn that we are all anticipating, it would be remiss not to continue cautioning that economic and property market recovery will take time...

By Samuel Seeff 16 Apr 2019

No rate hike a welcome relief, but likely short lived

The decision by the Monetary Policy Committee (MPC) of the Reserve Bank to keep the repo rate unchanged at 6.75% (base home loan rate at 10.25%) is welcome news for the property market, but likely to be short-lived...

By Samuel Seeff 29 Mar 2019

#BudgetSpeech2019: Budget measured, but time to get the house in order

Finance Minister Tito Mboweni's maiden budget was always going to be tough given the extent of the economic challenges...

By Samuel Seeff 21 Feb 2019

Transfer duty, capital gains tax too high a burden for property market

While government had intended to boost its tax income from wealthy buyers with the introduction of transfer duty and capital gains tax, it has actually had the opposite and stifling effect on the upper end of the market...

By Samuel Seeff 7 Feb 2019

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