31.10.2008 - Chink of light for South African property market not helped by lending crackdown
From Propertywire.com: A number of real estate agents in South Africa are reporting a sudden increase in activity suggesting that the property market slowdown is bottoming out but it is too early to be over hopeful others are warning. In particular high interest rates and lenders continuing to tighten their criteria is still making it difficult for purchasers, especially first time buyers, to obtain finance..... Full Article: Source