Saturday, July 31, 2010

http://www.timeslive.co.za/business/article579032.ece/Big-squeeze-set-to-claim-450000-homes


Big squeeze set to claim 450000 homes

Credit crisis lingers, writes Simpiwe Piliso

Aug 1, 2010 12:00 AM | By Simpiwe Piliso 

More than 450000 South Africans face losing their homes - and thousands more face having to sell their properties below the initial purchase price as they battle to keep up with their bond repayments.


SUBURBAN BLITZ: While some homeowners are being forced to sell, falling prices could be an investment opportunity for those with cash Picture: BONGANI MNGUNI
 quote 'The market is near the end of the down cycle and may have begun to turn' quote

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