Business Day (Johannesburg)
5 September 2008
ALTHOUGH the Reserve Bank kept interest rates on hold last month, this has brought little relief to the embattled residential property market with the latest data showing real house prices dropping 9,6% year on year in July, the biggest real price drop in almost 16 years.
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We spoke of this when the rates were going up and were told nooooo,that won't happen,well here it is in front of me in black and white.