House prices jump in third quarter - 2003-11-24
Year-on-year, real house prices saw their highest rise since 1982 in the third quarter of this year.
A very important factor currently present in the housing market, according to Du Toit, is the declining trend in interest rates since the middle of the year. He said a decline in interest rates supported the housing market by lowering mortgage instalments and therefore increasing the demand for housing.
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