n Personal Finance Newsletter - Cluster living in vogue : property

Volume 2006, Issue 303
  • ISSN :



Extracted from text ... PROPERTY 8 February 2006 Moneyweb's PERSONAL FINANCE By CHRIS NTHITE Cluster living in vogue Property costs and security fears are bringing us closer together - in the form of cluster housing developments. CRIME, shortage of development land and soaring building costs are fuelling the trend towards clusterstyle living, says FNB'S property economist John Loos in his report on November building statistics. Loos says that this is evidenced by Stats SA's data, which showed that for the 11 months of 2005, buildings completed for flats and townhouses increased by a massive 50.5% as opposed to the 27.4% growth in houses ..

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