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Despite record low interest rates, SA property market set for a long winter

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House prices are growing negatively already - below the inflation rate in real terms. (Getty Images)
House prices are growing negatively already - below the inflation rate in real terms. (Getty Images)

One of the key essentials for the property market to grow is a need for economic growth to return, but not just the type of growth the country had before the pandemic hit.

This was the view of Nicky Weimar, Nedbank chief economist, during a property webinar hosted by Rode & Associates and Real Estate Investor on Tuesday.

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