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KZN project targets first-timersA new development in Pietermaritzburg is targeting first-time buyers as its primary market. KZN house prices are up and new developments are downConsumers have reverted back to investing in residential houses as opposed to sectional title accommodation such as flats, with homes in the suburbs appearing to represent a better value for money option for Pietermaritzburg residents. By Kavith HarrilallExpectations 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%.