The slowing growth is reflective of a slowdown in the pace of growth both in house price inflation, as well as more recently a decline in the inflation rate in the total value of buildings completed.
More Quotes from John Loos:
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.John Loos
Economic factors in the other three metros will play into Port Elizabeth's hands in the coming years.
John Loos
Household borrowing is a lot more sustainable than people think.
John Loos
It's still a fairly good story the long-term boom will continue for some time.
John Loos
Already we have seen a decline in office and industrial property vacancies and strong economic growth is bound to eat further into the vacancies. This should drive strong new development going forward.
John Loos
I hadn't expected much to happen on this front. It is positive for the housing market and it will be mild stimulus for house price growth.
John Loos
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Every new adjustment is a crisis in self-esteem.Eric Hoffer
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If you aren't fired with enthusiasm, you will be fired with enthusiasm.
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