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South African property 2009

Plettenberg Bay house prices further to drop in 2009

February 15, 2009

Despite real estate agencies trying to convince you differently, real estate prices are further to drop in 2009 and only in 2010 will there be a slow improvement.
The year-to-year decline of property prices in South Africa was 15,3% and the consensus is that at leats a further 5% decline will happen in 2009:
“Price deflation for [...]

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