SARB Financial Stability Review, September 2004

The South African Reserve Bank has published the September 2004 edition of its Financial Stability Review. In its latest bi-annual report the Reserve Bank says house price growth has been driven by "improved economic fundamentals".

Other positive factors include the role of foreign investors in the property market and the spending power of the black middle class. There has also been what it describes as "the improved investment status of property compared with other asset classes".

The Reserve

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