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S.Africa: Property prices still slipping

Posted on 12 October 2012

There was a moderate growth in house prices for the month of September 2012, according to the latest statistics from ooba, South Africa’s biggest bond originator. The average house price for September was R876,717, up 4.5 percent (-0.5 percent when accounting for inflation, currently at five percent) year on year and 4.9 percent month on month.
First-time-buyer statistics also showed moderate growth. The average purchase price for first-time buyers was up 6.7 percent from R619,920 in September 2011 to R661,159 in September 2012. Month on month, there was a 0.2 percent growth in the average purchase price for first-time buyers………………………………………..Full Article: Source

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