Tuesday, April 3, 2007

S.Africa house price growth eases, no slump seen

(Reuters) - South African residential house price growth moderated slightly year-on-year in March but prices were not expected to fall despite higher interest rates, a survey showed on Tuesday.

The Standard Bank monthly property gauge indicated annualised house price growth of 8.4 percent last month, a touch lower than 8.6 percent growth in February, while month-on-month growth was 1.8 percent.


Read more at Reuters Africa

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