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Investors pouring back into South African property

Posted on 30 October 2008

From Homesoverseas.co.uk: Property auctioneers in South Africa report that there has been a marked improvement in investor sentiment over the past couple of weeks following the Reserve Bank’s decision not to raise interest rates, with buyers packing into residential property auctions.

Rael Levitt, CEO of The Alliance Group, says trading on the group’s auction floors this month throughout the country has seen the strongest investor appetite in more than a year. …. Full Article: Source


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