n Personal Finance Newsletter - We've hit rock bottom : property
|Article Title||We've hit rock bottom : property|
|© Publisher:||Moneyweb (Pty) Ltd|
|Journal||Personal Finance Newsletter|
|Publication Date||Jan 2010|
|Pages||1 - 3|
Standard Bank's property book for the first ten months of 2009 revealed an average monthly decline of 4.3% in the median house price. This brings the number of monthly declines to 17 consecutive months. The October 2009 smoothed data yielded a rate of contraction of 4.6% year-on-year, improving slightly from the declines recorded in August and September.
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