Commercial property, on the other hand, has the more positive outlook.
More Quotes from John Loos:
It is time for taxes to be more aggressively cut in order for the tax burden as a percentage of gross domestic product to decline to below 25 percent in line with the Gear Growth, Employment and Redistribution strategy.John Loos
It's still a fairly good story the long-term boom will continue for some time.
John Loos
The result of mildly flagging demand growth and significantly stronger supply of new housing stock has been a gradual slowing in the rate of increase in residential property prices since about a year ago.
John Loos
The slowing growth is reflective of a slowdown in the pace of growth both in house price inflation, as well as more recently a decline in the inflation rate in the total value of buildings completed.
John Loos
Economic factors in the other three metros will play into Port Elizabeth's hands in the coming years.
John Loos
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