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

Fitch sees flat property market in SA

Posted on 09 September 2011

Ratings agency Fitch expects flat to mildly rising nominal house prices in South Africa over the coming years. The agency is in the process of revising its mortgage loss criteria for SA, with the performance of the economy and a decrease in housing affordability ratios since 2007 being key factors.
The agency noted during a teleconference on Thursday that as of the first quarter of 2011, nominal house prices had dropped 4.5% from their first quarter 2010 peak……………………………………….Full Article: Source


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