02.06.2009 - South Africa: Oversupply sinks property market
From Thetimes.co.za: House prices are continuing to decline, due to a sizeable oversupply that has built up in the residential market, FNB said yesterday. Its latest house price index continued to decline in May to -11.3 percent year-on-year. This represented a deterioration on the revised -9.2percent rate of year- on-year decline recorded for April.........Full Article: Source
Print