Happy Friday, Property Peeps!
Spring officially begins in just one month on 22 September. After a cold and
rainy winter in the Cape, this sunny season promises a welcome shift. As we
transition from spring to summer, expect a surge of positivity, optimism, and
new opportunities.
The property market has faced challenges due to high interest rates, but
there’s light at the end of the tunnel. Economists and property experts are
predicting a significant interest rate cut in September, with a potential follow
up in November. Inflation is under control, and some forecasts suggest a 0.50%
basis point reduction. The UK has recently lowered its rates to 5% from 5.25%,
and the US Federal Reserve is also expected to implement notable cuts next
month.
In this week’s headlines, Real Estate Investor Magazine’s latest Q2 ABC results
show our continued industry leadership. To celebrate our 17th anniversary this
September, we’re offering a special 17-week promotion with 30% off all
advertising rates listed in our media kit until the end of December 2024. Don’t
miss out—click here to seize this opportunity
Next week, we have two must-attend webinars for you attend:
Tuesday @12h00: Discover Cyprus Property Investment and enjoy a FREE 3-night stay in a 5-star Paphos hotel, courtesy of Leptos Properties.
Click here to register
Thursday @12h00: Join us for our Women in Property webinar, celebrating outstanding achievements in the industry in Women’s month.
Click here to register
Here’s to celebrating 17 years of REI!
NEALE PETERSEN
Your Property Aficionado
