House prices slow down

YEAR-on-year nominal house price deflation, which commenced in late 2008, slowed down over the past few months, according to Absa's Housing Review for the fourth quarter.

YEAR-on-year nominal house price deflation, which commenced in late 2008, slowed down over the past few months, according to Absa's Housing Review for the fourth quarter.

"This came on the back of price inflation which occurred on a month-on-month basis since May. The expectation is for nominal price deflation to be less than 2percent this year," Absa said. - I-Net Bridge

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