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Archive for September, 2009

House prices continue to dive as mortgage distress grows sharply

“South Africa is now joining an international landslide in this sector”
Home repossessions, insolvencies and distressed residential property sales jumped alarmingly in the last quarter of 2008, according to results released from the Alliance Group’s Distressed Asset Index.  The index, which tracks various distressed asset classes, shows that the residential property market is in a deepening [...]