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House prices continue to drop

According to a Business Live report, the price of houses is continuing to decline as the year-on-year growth rate fell from 8,4% in June to 8,3% in July according to figures released by First National Bank.

3 Aug 2012

Business Live reports that while some economists say that the recent interest rate cut might inject some price growth into the housing market, it will remain a "minor stimulus" according to FNB.

Read the full article on www.businesslive.co.za.

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