Despite aggressive interest rate increases following the pandemic, South Africa’s property market has demonstrated surprising resilience. The average time to sell a home has not exceeded the historical 13-week benchmark. This indicates continued demand and a robust market despite economic pressures. Experts suggest this defies typical market responses to higher borrowing costs. The sustained sales activity points to underlying factors supporting the housing sector. This trend challenges expectations of a significant slowdown in property transactions. The market’s performance suggests a degree of insulation from the impact of increased interest rates.
