Liquidity constraints slows residential market

Sethebe Manake and Victor Senye launch Vantage Property Market Report
Sethebe Manake and Victor Senye launch Vantage Property Market Report

The liquidity constraints currently faced by local financial institutions has slowed down the boom in the residential property market, as financiers become more risk averse in granting loans.

Vantage Properties director, Sethebe Manake told Mmegi Business that the sector was most affected by this change because of its reliability on household income and individual affordability. “This is a sector which has a high transaction rate therefore more volatile when changes in the market happen,” she said.

Liquidity has considerably dried up in the banking sector, dropping sharply from 2006 when excess liquid assets made up 45 percent of bank assets to just six percent by the end of 2013.

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This decision follows the raiding of the office of the former Director General of the DCEC, Tymon Katlholo early 2022 and his staff officer by the DIS operatives who reportedly took files that they had targeted.After all back and forth arguments, the CoA has set the record straight giving an invaluable lesson to the DIS that it was no super security organ and it does not have any powers to cogently supervise other security organs including the...

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