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FNB Property Sector Strategist John Loos says now is not a good time for a property rates increase.
His comments come after Statistics South Africa announced on Tuesday, that the economy contracted by 1.3%.
Loos says property rates and utility tariff hikes matter far more now than a decade or more ago because we are currently in a slower economy and property rental market.
He adds that there is an expectation of a slower commercial property year.
Below is the full interview:
