The residential buying market had held up well, staving off a tough operating environment, an estate agency boss said on Thursday. Pam Golding Properties CEO Dr Andrew Golding said the residential property market had shown resilience despite rand weakness and a technical recession earlier in the year. "Following the shock waves of being downgraded to junk status in April, the easing of the interest rate in July ... to some extent helped offset the ongoing challenges being experienced," said Golding. The latest Pam Golding Residential Property Index showed that activity in the price band below R1m was very active in the year to date. But while national house price inflation averaged 4.25% during the first nine months of 2017, it has lost momentum in recent months, recording an increase of just 3.9% in the third quarter. Gauteng price inflation averaged 2.88% in the first three quarters of 2017, while Western Cape house price inflation outperformed at 9.81% during that period, even as...

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