The Reserve Bank has reduced the repo rate by 25 basis points to 6.25% in line with market expectation.

Against the backdrop of a persistently sluggish economy, subdued market confidence and lower-than expected inflation.

This week’s SARB interest rate decision not expected to change property market conditions meaningfully.

Signs that the residential property market is beginning to stabilise.

Easing lending conditions supportive of purchasing activity.

 South African Reserve Bank Governor Lesetja Kganyago on Thursday said this is in line with market expectation.

Slight improvement in transaction volumes alongside mortgage advances.

The surge in first-time buyers entering Cape Town’s property market – a notable 3.3 times more than this time last year – augurs well for a gradual house price recovery in the next few months, says Dr Andrew Golding, chief executive of the Pam Golding Property group.

A few months on from the May general election, a somber mood is once again settling in in the country, and one senses that there is a feeling that structural policy reforms that had been hoped for under a new presidency are not easily going to be forthcoming.

FNB's 1Q19 City of Cape Town Sub-Regional House Price Indices showed that most sub-regions are experiencing slowing house price growth, with the most expensive regions now experiencing house price deflation.