FNB: Expect "National House Price Deflation"

John Loos is FNB's property strategist and has been one of the biggest rah-rah property cheerleaders during the bubble run up over the past few years. When there were signs that property market was overvalued Loos was first in line to reassure us that everything was alright and property always goes up. Well according to this report in MoneyWeb ol' Johnny is a bit less optimistic these days

FNB's property strategist John Loos, who is known for his general optimism about South African real estate, is bracing himself for "some national house price deflation"