Why KwaZulu-Natal market will endure interest rate hikes.(Property)

Sunday Tribune (South Africa) | May 13, 2007 | Copyright

KwaZulu-Natal appears to be the most interest rate-sensitive residential property market of the big three provinces. Given the strong influence of interest rates to date in the current residential property cycle, this would suggest that its market would cool more rapidly in the short term than Gauteng's and the Western Cape.

However, the province has performed more impressively over the decade to date than its two counterparts, and in the longer term, I expect this catch-up process to continue.

Examining the three big provinces, the interest rate-sensitivity ...

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