Wednesday 1 June 2011

'Property buyers factor rate hikes into pricing' - Business News - IOL | Breaking News | South Africa News | World News | Sport | Business | Entertainment | IOL.co.za

'Property buyers factor rate hikes into pricing' - Business News - IOL | Breaking News | South Africa News | World News | Sport | Business | Entertainment | IOL.co.za

Many buyers are anticipating an interest rate hike next year, says Auction Alliance CEO Rael Levitt, whose company has sold over three billion rand in commercial property this year alone.

"It seems that the cycle of low interest rates will probably end early next year, which will significantly impact the pricing dynamic in South Africa. Although higher interest rates are anticipated to put greater pressure on households to meet their commitments, commercial buyers don't appear to be deterred by discussions of potential interest rate hikes in 2012", said Levitt.

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