Interest rate hike a reality check says Tyson Properties
All is not doom and gloom despite today’s announcement by the Reserve Bank that interest rates will be hiked by a further 0,5% says Tyson Properties CEO, Nick Pearson. Ask if he expects a panic sell off of homes, a surge in bank reclamations and auction boards popping up on suburban pavements, and you’ll get a resounding no. People still have some room to make adjustments and banks have been consistent in their willingness to assist customers to ride out economic storms over the past couple of years. This is not likely to change, in his opinion.
Source: engineeringnews.co.za
