South Africa - House price rises slowing
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The average value of all houses in South Africa increased 7.1% over the year to August 2010, according to ABSA. But this is a deceleration, from the 9.4% price rises seen during the year to July.
Mid-sized dwellings prices actually lost ground during the last quarter, i.e., since May 2010. In August, the average price of medium-sized houses stood at R961,700; up 5.42% (2.85% inflation-adjusted) from a year earlier - but 1.69% down on the quarter.
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