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KZN's Umtentweni lures home buyersUmtentweni on the south coast of KwaZulu-Natal is attracting increasing attention from home buyers from around the country, including Durban, Pietermaritzburg, Gauteng and the Free State.Building costs will soar in 2007With the price of cement and other building products expected to increase substantially sending building costs through the roof, the emphasis next year will be on marketing existing residential properties.Unchanged repo rate: Disappointing for the economy and property, but not surprisingThe decision to keep the repo rate unchanged at 8.25% means the prime lending rate will have been at a15-year high of 11.75% for more than a year, because the current rate was set by the MPC at its May 2023 meeting.
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