04.12.2012 - S.Africa: The real estate market; 2013 and beyond
As the end of 2012 approaches buyers and sellers are looking to industry leaders to predict what is to happen in the residential property market in 2013. At present market analysts from both ABSA and FNB predict more of the same; the same stability, the same low growth rates. There are a number of factors that explain why this prediction is most likely correct, many of them are obvious, some not so much. The first culprit to come to mind is the economy both local and international due to the current economic downturn businesses and the prices of commodities like food and fuel have been affected around the globe. As such there are fewer jobs, more insecurities and higher prices on consumables, none of which bodes well for the residential property market...............................................Full Article: Source
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