23.03.2012 - South Africa: House prices - Real house prices to fall further
If youíre hoping for a noticeable recovery in house prices over the next 12- 18 months, donít hold your breath. In fact, get used to an environment where house prices are unlikely to rise by more than 2%-4%/year on average for at least the next five years. That seems to be the consensus among a growing number of economists who believe South Africans need to adjust their long-term capital growth expectations downwards...............................................Full Article: Source
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