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South African property prices up by over 160pct in a decade

Posted on 30 March 2012

According to research by Lloyds TSB International, property prices in South Africa have increased by 161% during the last 10 years, in spite of the market remaining quite unstable.
This means South Africa has seen the third highest price gains in the world, with only India and Russia seeing a faster rate of growth. Last year the average South African household income increased by 4.6%, but it’s not all good news as unemployment reached 25% during the third quarter of last year, and house prices fell by 1.1% in 2011………………………………………..Full Article: Source


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