04 March 2008

Property Growth For Last Three Months: 0%

Business Day reports that for the third straight month property price growth has been a big fat 0%. South Africans now have a household debt to disposable income of 77.4%!

“We anticipate growth in residential property could be noticeably lower this year than the 8,3% annual growth recorded last year,” Standard Bank said.


Well if it carries on like it currently is going how about a growth of about 8.3% less than last year?

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