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Western Cape house price growth set to slow down

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Cape Town - Although the Western Cape remains by far the strongest housing market among South Africa's major regions, it ultimately cannot defy gravity for ever, John Loos, household and property sector strategist at FNB, told Fin24 on Monday.

"Next year I think the national average house price growth will be weaker as the weaker economy catches up with the housing market," said Loos.

"The Western Cape housing market will possibly still stay a slightly better performer next year, but I think its price growth will also slow."  

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