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Property rental market likely to improve – just a bit – thanks to interest rate hike

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The recent interest rate increase – and predicted hikes next year – should spark a turnaround for the rental market. It will not be a great recovery but definitely an improvement on the current position. The rate decreases over the past couple of years have seen financially strong tenants buy their own homes while the remaining tenant population has been hard-hit financially thanks to the effects of the pandemic lockdowns. ​Read the latest Property360 digital magazine here But next year, with the rate expected to rise, “the opposite should happen”, says FNB commercial property economist John Loos. Rental Market Wrap…