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Building sector sees downturn in Q1
Residential building activity in the South African market for new housing deteriorated on a quarterly as well as an annual basis in the first quarter of 2012, according to Jacques du Toit, property analyst at Absa Home Loans.
Future new housing demand and supply will be driven by developments with regard to the local economy, factors related to the residential building sector, as well as trends in respect of household finances and consumers' risk profile, which may impact the affordability of housing and the accessibility of mortgage finance.
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