There is no doubt that the post-Covid-19 lockdown recession will weigh on the property market...
Samuel Seeff 14 Apr 2020
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...
Samuel Seeff 27 Feb 2020
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...
Samuel Seeff 24 Feb 2020
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...
Samuel Seeff 17 Jan 2020
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...
Samuel Seeff 26 Nov 2019
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...
Samuel Seeff 22 Nov 2019
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...
Samuel Seeff 16 Oct 2019
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...
Samuel Seeff 19 Jul 2019
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...
Samuel Seeff 14 Jun 2019
The Reserve Bank should have been brave and should have cut the interest rate to kickstart the economy...
Samuel Seeff 24 May 2019
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...
Samuel Seeff 30 Apr 2019
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...
Samuel Seeff 16 Apr 2019
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...
Samuel Seeff 29 Mar 2019
Finance Minister Tito Mboweni's maiden budget was always going to be tough given the extent of the economic challenges...
Samuel Seeff 21 Feb 2019
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...
Samuel Seeff 7 Feb 2019
Following the November rate hike, the Seeff Property Group has welcomed the decision to keep the interest rate on hold as the right decision...
Samuel Seeff 18 Jan 2019
That is the question on everyone's lips as we look forward to dusting off the challenges of 2018 which was, by all accounts, a challenging year for the economy and property market...
Samuel Seeff 9 Jan 2019
Like everyone else, we had hoped that the technical recession would be staved off...
Samuel Seeff 11 Sep 2018
Although the economy and property market is showing improvement, it is still all about the buyers...
Samuel Seeff 10 May 2018
The decision by the Monetary Policy Committee of the SA Reserve Bank to cut the repo rate by 25bps from 6.75% to 6.50%, taking the base home loan rate from 10.25% to 10%, is a welcome boost for the economy and property market...
Samuel Seeff 29 Mar 2018
