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Year of mixed fortunes for real estate

In January, the real estate industry and its allied sectors looked set to shine even brighter, but as the year closes, it is clear that it has been one of mixed fortunes, writes FERDINAND MWONGELA

When the year set in, the predictions for the real estate sector and the construction industry were mostly favourable, with many foreseeing a continued boom in construction and others a continued rise in the property prices. All this was good for developers. Buyers, on the other hand, prayed for a slow down in prices.

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