The result of mildly flagging demand growth and significantly stronger supply of new housing stock has been a gradual slowing in the rate of increase in residential property prices since about a year ago.
More Quotes from John Loos:
Household borrowing is a lot more sustainable than people think.John Loos
This could potentially leapfrog the city past the others in terms of life quality and establish it as a world-class city.
John Loos
Economic factors in the other three metros will play into Port Elizabeth's hands in the coming years.
John Loos
Commercial property, on the other hand, has the more positive outlook.
John Loos
It is time for taxes to be more aggressively cut in order for the tax burden as a percentage of gross domestic product to decline to below 25 percent in line with the Gear Growth, Employment and Redistribution strategy.
John Loos
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