GLOBAL market woes and local interest and inflation rate uncertainty continue to dampen the listed property sector, with the South African listed property index recording a negative total return of - 4 % last month writes Nick Wilson.
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My Rosebank - if you're wondering what the good news is, well, this is it (and only for some). With prices of food and fuel and electricity going up, suburbia is in less demand as a project (more expensive to get to, more expensive to pay off). This follows a trend that is well underway in the US, and recently underway in the UK.
For the first time recently I heard the words: 'global recession'. You'll be hearing them more often, and bankers will still be in a fugue about what's causing it. Those traffic jams to petrol stations on the eve of fuel price hikes are a clue. Traffic jams in general are too. I hope you live close to work.
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