No respite for house prices

House prices will continue their downward spiral, with a recovery only expected next year.

House prices will continue their downward spiral, with a recovery only expected next year.

Standard Bank's House Price Index, measuring 30 percent of the total South African market, showed an average monthly decline of 3,3percent for the first half of the year.

This is based on data collected up to the end of June, a month that saw an even steeper decline of 4,9percent year-on-year. - Zweli Mokgata

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