PODCAST: Full effects of rate hikes on property will take time to be felt, says FNB
Host Mudiwa Gavaza is joined by John Loos, property economist at FNB, to discuss the state of SA’s property sector following the Reserve Bank’s latest rate hike
26 May 2023 - 16:29
by Mudiwa Gavaza
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The full effects of ongoing interest rate hikes on SA’s property sector is the focus in this edition of the Business Day Spotlight.
Our host, Mudiwa Gavaza, is joined by John Loos, property economist in FNB’s commercial property finance unit. Their discussion centres on the state of the country’s property sector following the SA Reserve Bank’s latest rate hike.
On Thursday, the central bank’s monetary policy committee (MPC) moved to raise the repo rate by another 50 basis points (bps) to 8.25% as SA battles myriad problems including rolling blackouts, a stagnant economy and a currency at a record low.
Join the discussion:
The rate was last above 8% in May 2009, fourteen years ago.
Loos says this latest hike on its own has a limited dampening impact on the commercial property market.
Topics of discussion include: the reaction to the May 25 rate hike by the SA Reserve Bank, state of the local property sector, operating dynamics between commercial and residential property, and the place of lenders in the market.
Support our award-winning journalism. The Premium package (digital only) is R30 for the first month and thereafter you pay R129 p/m now ad-free for all subscribers.
BUSINESS DAY SPOTLIGHT
PODCAST: Full effects of rate hikes on property will take time to be felt, says FNB
Host Mudiwa Gavaza is joined by John Loos, property economist at FNB, to discuss the state of SA’s property sector following the Reserve Bank’s latest rate hike
The full effects of ongoing interest rate hikes on SA’s property sector is the focus in this edition of the Business Day Spotlight.
Our host, Mudiwa Gavaza, is joined by John Loos, property economist in FNB’s commercial property finance unit. Their discussion centres on the state of the country’s property sector following the SA Reserve Bank’s latest rate hike.
On Thursday, the central bank’s monetary policy committee (MPC) moved to raise the repo rate by another 50 basis points (bps) to 8.25% as SA battles myriad problems including rolling blackouts, a stagnant economy and a currency at a record low.
Join the discussion:
The rate was last above 8% in May 2009, fourteen years ago.
Loos says this latest hike on its own has a limited dampening impact on the commercial property market.
Topics of discussion include: the reaction to the May 25 rate hike by the SA Reserve Bank, state of the local property sector, operating dynamics between commercial and residential property, and the place of lenders in the market.
Business Day Spotlight is a TimesLIVE Production.
For more episodes, click here.
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