| FNB property strategist John Loos put the problem in a nutshell: "A eurozone recession, caused by its high levels of indebtedness, would curb global demand for South African exports, which in turn means slow local economic growth, job creation and thus household disposable income growth. This exerts downward pressure on residential property demand."
Absa Home Loans property analyst Jacques du Toit said "one must then expect the demand for property and mortgage finance to be negatively affected, impacting property market activity, transaction volumes and many property-related industries and professions".............................................Full Article: Source
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