How will the increase in interest rates in South Africa affect the property market

South Africa's property market is facing a new challenge in the form of increasing interest rates. The Reserve Bank has hiked interest rates several times in recent years, and experts predict that there may be more increases on the horizon. For prospective home buyers, this can mean higher mortgage payments and a more difficult path to homeownership. However, there are steps that can be taken to mitigate the impact of rising interest rates and ensure a successful property purchase.