South Africa is the best performing housing market in the world over the longer-term, latest figures from British news magazine The Economist reveal.

The magazine’s global house price index shows that SA house prices rose by a cumulative 418% over the past 12 years (1997 to 2009). That far outstrips any of the other 20 housing markets tracked by the index. The next best performers were Australia, Britain and Spain with growth of 181%, 175% and 167% respectively over the same time.

Read More....