WATCH: Rising interest rates weigh on housing market
Business Day TV speaks to senior economist at FNB, Siphamandla Mkhwanazi
07 December 2022 - 22:17
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Annual house price growth is slowing as consumers contend with rising interest rates and hot inflation, further weighing on South Africans’ spending power. This has resulted in many prospective homeowners opting to rent rather than buy. Business Day TV spoke to senior economist at FNB, Siphamandla Mkhwanazi, for more of the detail.
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.
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WATCH: Rising interest rates weigh on housing market
Business Day TV speaks to senior economist at FNB, Siphamandla Mkhwanazi
Annual house price growth is slowing as consumers contend with rising interest rates and hot inflation, further weighing on South Africans’ spending power. This has resulted in many prospective homeowners opting to rent rather than buy. Business Day TV spoke to senior economist at FNB, Siphamandla Mkhwanazi, for more of the detail.
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