Q. What are the mortgage rate predictions for the next quarter in Africa?

Mortgage rate predictions for Africa’s next quarter are varied, but generally, rates are expected to remain stable or slightly increase. In South Africa, for example, the benchmark repo rate is predicted to stay around 7-7.5%. In Nigeria, rates may rise due to inflation concerns, potentially reaching 20-22%. In other African countries like Kenya and Ghana, rates are expected to remain relatively stable, around 18-20% and 25-27%, respectively. However, these predictions are subject to change based on economic conditions, monetary policy, and global events. It’s essential to monitor local market trends and central bank decisions for more accurate forecasts.