You are here:
Home 
The News Business & Finance Housing market set to recover in late 2009
The News Business & Finance Housing market set to recover in late 2009
Housing market set to recover in late 2009
231
Bump it!
Despite seeing its slowest growth rate in 12 years, South Africa’shousing market is set to recover towards the end of 2009, showing noticeable growth in 2010, according to the country’s biggest mortgage lender, ABSA Group.ABSA’s January House Price Index expects the market to remain under pressure for most of 2009, with house prices forecast to drop by a nominal 2.5 percent and a real eight percent.
Absa economist Jacques du Toit says that all housing categories (small, medium and large housing in the middle segment, as well as affordable and luxury housing) are expected to pick up gradually towards
year-end, with levels of activity and prices to markedly improve from 2010 onwards.
year-end, with levels of activity and prices to markedly improve from 2010 onwards.
Set as favorite
Bookmark
Email This
Hits: 826
Comments (0)
Subscribe to this comment's feed
Write comment
You must be logged in to post a comment. Please register if you do not have an account yet.
You need to login or register to post comments.
Real Estate News
Feb 08 2010
With the retreat of the 'pre-crisis' speculator wh...
Training & Coaching
Dec 08 2009
Real estate is influenced by supply and ...
Marketing
Dec 12 2009
With the festive season underway...
Business and Finance
Dec 10 2009
Our everyday talk is about ‘growth’....
| Home | Contact Us | News | Links |
