Tough times ahead for the retail property sector
Due to rising interest rates, the sector is showing signs of pressure that are likely to carry on until 2023
12 September 2022 - 19:12
SA’s retail property sector is facing tough times as rising interest rates and inflation put pressure on household and disposable income, resulting in reduced discretionary spending.
This puts added pressure on the sector, which has still not fully recovered from financial losses it suffered as a result of trade restrictions put in place to prevent the spread of the coronavirus in 2020. ..
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