Average house cost R911 800 in April
Evan Pickworth | Johannesburg, South Africa
07 May 2007 05:42
Nominal house-price growth of 15,5% year-on-year was recorded in April from a revised 15,7% in March, according to the latest Absa house-price index. This brings the average price of a house in the survey to R911 800 in April.
The researchers pointed out that nominal house price growth was 15,6% on average when compared with the same period last year in the first four months of the year.
City to create racially integrated township
By Zinkie Sithole
Emalahleni - Construction is about to begin on a post-apartheid project, a racially-integrated township.
The proposed township in Emalahleni (formerly Witbank) in Mpumalanga will include 12 600 units, made up a mix of low-cost houses, rental flats and subsidised housing units.
“This development will bring together different people from various racial and income groups,” said Emalahleni executive mayor, Linah Malatji.
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