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S.Africa: House prices cheaper than in 2007 - Absa

Posted on 13 January 2012

The average price of a mid-segment house was almost 14% lower in November last year than it was in August 2007, according to Absa’s latest property price indices released on Thursday.
“The average real price of middle-segment houses, calculated at constant 2008 prices, was in November almost 14% below its peak of August 2007,” Absa Home Loans property analyst Jacques du Toit said in a statement………………………………………..Full Article: Source


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