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South Africa: House prices - Real house prices to fall further

Posted on 23 March 2012

If you’re hoping for a noticeable recovery in house prices over the next 12- 18 months, don’t hold your breath. In fact, get used to an environment where house prices are unlikely to rise by more than 2%-4%/year on average for at least the next five years.
That seems to be the consensus among a growing number of economists who believe South Africans need to adjust their long-term capital growth expectations downwards………………………………………..Full Article: Source


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


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