Rising rates are slowing sales of commercial property, says analyst
Vacancies are likely to increase and tenants that are already under financial pressure will feel more pain
27 November 2022 - 16:37
FNB’s commercial property finance division says increasing interest rates are constraining new business and business expansion and hampering demand for space and commercial property buying.
In a market that is highly credit-driven, demand for properties to purchase is directly affected by rising interest rates and a high inflationary environment...
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