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What will average property prices be in 2050?

I found this interesting article dated January 2011. I am sure you will find their estimates as intriguing as I did. #MumbiInvestments

Fig 1: South African average house prices forecast to 2020

South African House Prices have grown historically at 11.25% every year since 1966. If that trend were to continue through to 2050, the average South African house price in 2050 will be R73.2m. Could this be considered realistic as a forecast for 2050?

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