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SA house prices: Warnings of worse to come

Posted on 03 July 2009

From Realestateweb.co.za: Days after SA Reserve Bank governor Tito Mboweni took a break from lowering South Africa’s interest rates, house price data and analysis from two big banks shows property values are still falling.

FNB’s June house price index shows the “accelerating deflation trend remains intact” while Standard Bank’s monthly property report and median house price figure confirm that the strain has not alleviated in the residential market……….Full Article: Source


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