In another twist involving the public protector’s office‚ the Minister of Co-operative Governance an.
House prices in the middle segment of the market slowed to a nominal 8,7percent in February from a revised 9,9percent in January, the Absa House Price Index showed yesterday.
House price growth has not been so low since 1999, when it was 9,3percent.
The average price of a house was about R969800 last month, compared with R962 000 in January. Nominal price growth of 10.6 percent year-on-year was recorded in December last year. - I-Net Bridge