Why Are House Prices Falling?

Property Finance News: Falling house prices are usually a sign that the supply of homes for sale has exceeded demand. In other words, the number of homeowners looking to sell their properties exceeds the number of buyers in the market. The unique thing about the current condition of the South African property market is that, the demand for properties is actually not very low. The problem lies with buyers not being able to secure the necessary home loans. In SA, …

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