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House prices in February grew by 2.3%, year-on-year. This is down from a revised 3.8% in January, and from 2017’s high of 5% reached in November. “This does not, however, alter our view that 2018 should be a mildly stronger housing market year than 2017,” said

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Homeowners in Gauteng’s three main housing markets are losing value in their homes. For Q2 2017, the City of Tshwane’s estimated average house price growth rate was 4.48% year-on-year, with Gauteng Consumer Price Index (CPI) Inflation at 5.2% year-on-year for the same quarter of 2017.

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