Tue, Nov 25, 2014
A A A
Welcome hendrik.absolut
RSS

Real Estate Briefing - Categorized | Emerging Trends, Finance, Residential property Watch more

Accounting rules exacerbate Spain’s property market crash

Posted on 30 November 2010

From Iol.co.za: South Africa is not alone in experiencing a severe slump in its residential property market. Bloomberg reports that mortgage bond foreclosures in Spain may triple next year. However, the worst appears to be over in the South African market in terms of home repossessions although house price growth is still erratic.
FNB Home Loans expects the average price of houses to decline next year after an expected increase of 6.4 percent this year compared with last year. Absa has forecast average nominal house price growth of 7 percent year on year for this year and says it is expected to remain low next year……………………………………….Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

 Article link

This post was written by:

Laxman - who has written 28515 posts on Opalesque Real Estate Briefing.


Contact the author

Comments are closed.

banner
November 2014
M T W T F S S
« May    
 12
3456789
10111213141516
17181920212223
24252627282930