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Deposit demands hit small towns Homebuyers in many smaller towns are struggling to come up with the hefty deposits now required by banks, and this is depressing local property markets and prices. Expectations for another interest rate cut in November On 21 November 2024, the Monetary Policy Committee will deliver their decision regarding the interest rate. With South Africa's inflation easing and global central banks cautiously beginning rate cuts, the overall sentiment is that there is likely to be a further cut of around 0.25%. Magnolia: An Investment in Seaside Serenity and Urban Sophistication Magnolia perfectly balances the tranquillity of coastal living with the convenience of urban sophistication, making it a rare opportunity for both homeowners and investors.

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