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In June, house prices grew by 4.1% year-on-year, up from May’s 3.9% and February’s 2.9%. But when adjusting for consumer price index (CPI) inflation of 4.4% in May, house prices remained in negative territory at -0.5% year-on-year. This is according to FNB’s household and property sector

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The property market is significantly influenced by sentiment and consumer confidence. Increased political uncertainty, low economic growth and inflationary pressures caused property buyers to ease off on new property purchases during 2017. This was according to Rhys Dyer, CEO of bond originator ooba, who noted that reduced demand

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Examining the FNB House Price Indices for the country’s major regions, gradually slowing price growth in what has been the country’s top performing region in recent years, the Western Cape, continued in 2017Q4. The year-on-year average house price growth for the Western Cape measured 4.4% in

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House price growth slowed by almost a full percent in 2017, compared with 2016’s 4.8%. This was according to FNB’s House Price Index which pegged house price growth in 2017 at 3.7% - the third consecutive year of slowing annual average price growth. “Based on 11

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November’s year-on-year house price growth was 4.6%, according to the FNB House Price Index. This is mildly up from October’s 4.4% year-on-year. “Examining the year-to-date average, though, it appears most probably that, despite the recent monthly year-on-year acceleration, average house price growth for 2017 as a

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Sectional title properties with fewer than two bedrooms boasted the strongest price growth in Q3 2017, inflating at 9.3%. Two-bedroom sectional title properties realised 5.3% price growth, while the largest three-and-more-bedroom category came in at 4.6% average price growth. This is according to FNB’s household and property

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South Africa, a country in serious trouble, is likely to face continued social upheaval, property economist Erwin Rode told the recent Rode-REIM conference at Steyn City. Rode, co-host of the annual conference, predicted 2% annual growth in South Africa’s GDP over the years 2017-2022, not unlike

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Neville Berkowitz, property veteran and founder of low commission estate agency HomeBid, speaks to us about the trends he is currently seeing and what he believes is needed to resuscitate a flat national housing market. Q Do you think we will ever return to a housing market

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Johannesburg’s Soweto region (Diepkloof-Soweto-Meadowlands-Pimville) has been the city’s star performer, with a five-year cumulative house price growth rate of 37.35%. Sandton, however, has only inflated 22.66% since early 2012. This is according to FNB’s household market strategist, John Loos, who said the “former township” regions can

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