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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.
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.
