Sunningdale property guide

The series of interest rate increases have finally begun to affect the local housing market visibly.

Activity within the South African property market has begun to cool down, largely owing to higher interest rates and an unstable electricity supply. However, some parts of the country seem less affected than others by the tightening market conditions.

The rental rate for a family house in a middle-class suburb is now around R14,000 to R28,000 per month with the average at around R20,000, according to the Seeff Property Group.