The estimated “downward correction” in the Holiday Town price - TopicsExpress

The estimated “downward correction” in the Holiday Town price levels since the peak of real prices as at Q4 2007 has according to John Loos (FNB) been a cumulative -28.9 percent. This is however not applicable to holiday towns close to cities, such as Strand, as it is both a primary as well as holiday home destination. Stock shortages has been prevalent in the Strand [property market right through 2013....specially in the house price ranges of between R1 million and R1,4 million.

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