House prices stabilise

HOUSE prices fell 4,6percent year-on-year in October, according to Standard Bank's residential property report released yesterday.

HOUSE prices fell 4,6percent year-on-year in October, according to Standard Bank's residential property report released yesterday.

This was a slight improvement from the declines recorded in August and September, economist Johan Botha said.

Although price declines were continuing, the declines had stabilised at around -5percent year-on-year. - Sapa

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