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Real Estate Briefing - Categorized | Market Moves, Middle East and Africa more

South African property market corrections

Posted on 05 May 2011

South Africa is experiencing a property market correction. The question is whether it is or has been on the same scale as has been experienced in the USA during the last 3 years. The American dream has in some states unfortunately changed into an American nightmare.
Only a certain sector of the South African property market is experiencing a correction akin to the “American nightmare” of a devaluation of property value up to 50% and has predominantly been visible on two fronts……………………………………….Full Article: Source


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


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