Property News & Information
Wednesday May 30, 2007
The finanical mail is carrying an interesting article here on the future of the SA Property market - "No Bubble". While it expects that housing prices could still increase by as much as 50% to align with international markets in the long term, there are still risks that can play a part - specifically the international market's slowdown, high houselhold debt caused by the recent (over)use of loan equity as well as a possible interest rate hike.
"Reckless speculators, overconfident developers and highly indebted homeowners will be punished..."
Posted at 08:15AM May 30, 2007 by Grant in General News | Comments[0]
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