Property Analysis

Interpret the graph below and answer the questions that follows:

$1\mathrm{.}1$ Analyse the statistical information given above and explain your interpretation of the following:

a$)$ What is the property cycle that becomes evident in the ABSA House Price Index Graph for the period $2000-2008?$

b$)$ According to the Property Sales Trend Analysis provided above, what have been the major market characteristics in terms of sales for the Western Cape?

c$)$ Compare the trends identified with one other province and provide possible reasons for the difference in the trends between the $2$ provinces.