FNB Home Loans | Property News www.fnb.co.za
Lower Priced Properties sell faster and closer to their asking prices
FNB Home loans released their Residential Property Confidence Indicator for the 4th quarter of 2007. In his report, Jan Kleynhans, chief executive officer at FNB Home Loans, further illustrated the current slowdown in market activity.
Rising interest rates, the implementation of the National Credit Act 8 months ago and inflationary pressures have shown to be the three major factors that continue to place pressure on the property market.