With SA the currency took a pasting so in real terms no rise but in dollar value yes. Argentina and some of the Latin American countries are an example too. Whatever the reason my point is that property will be in a mix of rising prices with no real increase in value , but if inlation sits at 10% pa that in turn deflates the debt accordingly and lets govts off the hook as is happening.
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With SA the currency took a pasting so in real terms no rise but...
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