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Selling a property? Consider these costs It’s well known that there is no such thing as a free lunch and similarly there is no such thing as selling a residential property without incurring some costs.Rate cut brings relief for homeowners and a boost for buyers The South African Reserve Bank’s Monetary Policy Committee announced last week that interest rates had dropped by 0.25%, bringing the repo rate to 7.25% and the prime lending rate to 10.75%.Know before you buy: Common mistakes to avoid when purchasing property in SABuying property is not just about location and price—buyers need to understand zoning laws, monthly costs like rates and levies, and common pitfalls that can trip up even seasoned investors.
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