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.
UPDATE: Click Here for updated property and house price reports Ed Grondel. CEO of FNB Home Loans has been interviewed on a number of radio shows following the release of the latest Property Barometer report. The report measures the sentiment of top real estates to determine the level of confidence Read more…