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Light at end of tunnel for property market.
Byline: Roxzanne Van Eyk
Light at end of tunnel for property market The million rand question remains, what does this year hold for the residential property market. ROXZANNE VAN EYK investigates 2009 PROJECTIONS STANDARD Bank says it best in its claim that the housing market cannot be considered in isolation from the rest of the economy. The bank indicated that the outlook for the economy over the short term remains cloudy, exasperated by the fact that households owe banks an astonishing R1,2-trillion of which the greater part constitutes mortgage advances. Mark Beckett, Bond Choice CEO, says government statistics based on property registrations and transfer fees value the SA home loan market at R190bn annually, with home sales …
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