The South African housing market is now gaining momentum
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After a lackluster performance in the past four years, the South African housing market is now gaining momentum.
During 2012, the house price index for medium-sized houses rose by 9.53% (3.57% in real terms), the highest year-on-year increase since February 2008, based on figures released by ABSA. House prices increased by 2.93% (1.63% in real terms) during the latest quarter.
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