slowdown

Properties in the low and middle income markets, which have been outperforming the high end market, are starting to show relative cooling.

Properties in the low and middle income markets, which have been outperforming the high end market, are starting to show relative cooling.

FNB's Quarterly Residential Review, released yesterday, said there appeared to be a slowdown of activity in properties in the R350000 to R850000 range.

The bank said there were signs that the mid-valued income groups were experiencing more strain than the higher income groups, and this possibly had more to do with the rampant price inflation of food. - Xolile Bhengu

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