Best time to buy property? When interest rates are up

With the recent repo rate hike, homeowners have to pay extra towards their loans but an expert says when economic times are tough it is the best time to buy property.
Economist at Investec Lara Hodes explains the repo rate, while FNB property market analyst John Loos explains the relationship between the repo rate and buying property. Loos shared property buying tips during these tough economic times.
For those buying to rent, Loos says it’s not just about affording the bond.