By Mandisi Tyulu
04 November 2008
# South African house prices fell by two-point-five per cent year-on-year in October, as demand for property remained depressed.
A survey shows that this was mainly due to higher inflation and interest rates.
Prices have been falling since March. Standard Bank says homes have become less affordable because of higher bond rates, high food and fuel prices and a slowing economy.
This led to a decline in demand and prices.
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