South African Homes Are Selling Faster Despite High Interest Rates
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Higher borrowing costs were expected to slow the housing market—but buyers aren't backing down. Homes across South Africa are now selling faster than they were just months ago.
South Africa's residential property market is proving more resilient than expected, with homes spending less time on the market despite elevated interest rates.
According to the latest FNB Estate Agent Survey, the average selling period has fallen to 10 weeks and six days, remaining well below the long-term average.
The trend suggests buyer demand is holding up even as financing costs remain high, challenging the traditional link between rising interest rates and weaker housing activity.
Analysts say changing buyer behaviour and sustained demand are helping keep transactions moving, offering encouraging signs for sellers and investors if current momentum continues.
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