The current declining trend house price growth is expected to continue in 2007, with a lower growth rate of 9.1 percent projected for the year, Absa Group Economic Research said in a research note on Wednesday.
Buy-to-let trouble looming?
Elna Moolman, Standard Bank senior economist says in a media release: "House price growth moderated to just 6,9% y/y in January from 18,5% y/y a year earlier, continuing a sliding trend in growth rates from the 35% y/y peak in October 2004.
Why is there a 2.2% difference in house price growth amongst different bank economists? Surely house price sales are easily monitored that there should be no doubt as to how much the housing price grew.
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