| 23.03.2012 - South Africa: House prices - Real house prices to fall further |
| If you’re hoping for a noticeable recovery in house prices over the next 12- 18 months, don’t 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 |