27.07.2012 - Absa sees no pick up in housing market
Middle-segment house price deflation continued in both nominal and real terms in the second quarter of 2012, according to Absa’s third-quarter 2012 Housing Review. In the affordable and luxury categories, however, nominal house price growth remained in positive territory up to the middle of the year, the Absa housing review shows. The affordability of housing, as represented by the ratios of house prices and mortgage repayments to household disposable income, improved further up to the first quarter of the year...............................................Full Article: Source
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