Protego IPG - Real Estate / Property / South Africa

PUBLISHED 12 FEB 2007
Whilst house price growth is still slowing property remains an exceptional investment class. ABSA's latest house price released 8 February 2007 shows a nominal house price growth of 14.8% year on year in the middle segment of the market for January 2007.

With CPIX inflation currently stable around 5% this leaves a real rate growth of almost 10% year on year.

Whilst the CPIX might still be in the target range the increase in mortgage advances and the volatility in both the international oil prices and the foreign exchange leads ABSA to believe that the MPC might increase interest rates by another 50 basis points later this week. It is expected that the rate will therefore stabilize at this highpoint of 13% for the remainder of the year.

Remember that for a free valuation of your property you are welcome to contact the PROTEGO broker advertising property for sale in your area.

You can view the full report on ABSA's website at www.absa.co.za.

Best Regards,

Gideon Brits

Director / Principal

PROTEGO IPG

082 471 6337

"protecting your interests"

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