House prices have continued to fall, Absa said on Thursday as it released its house price index for February.

In nominal terms, middle-segment house prices dropped by 1.3% year-on-year in February, after declining by 0.9% year-on-year in January.

In real terms -- or adjusted for inflation -- prices were down by 8.3% year-on-year in January from a drop of 9.6% year-on-year in December last year.

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