Homeowners under pressure

2008-06-03 00:00

As median house prices continue their downward march, homeowners and investors have been warned that they should forget about real (after-inflation) returns on residential property until 2010.

Jacques du Toit, Absa home loans senior property analyst, noted in his latest quarterly housing review released this week that interest rates will continue their upward march over the next few months, placing a further damper on an already depressed housing market.

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