MyMoney Online

Residential property price inflation slows to 5.3%. Further weakness expected

The average house price rose 5.3 percent year-on-year in March, according to the FNB House Price Index, down from 5.6 percent growth in February and continuing the slowing trend of recent months.

The average price achieved for homes in March was R994 718.

Real house price growth

When taking the Consumer Price Index into account (3.9 percent in February, the latest available data) “real” house price growth amounted to 1.7 percent.

According to FNB Household and Property Sector Strategist John Loos, real house prices are, on average, 17.2 percent lower than the peak reached in December 2007.

However, real house prices are 66.2 percent above the level reached in January 2001.

Outlook

“We started the year expecting an eight to nine percent average house price increase for this year, but now expect an average nearer to five percent,” says Loos.

Listen to the audio for more detail.

702 welcomes all comments that are constructive, contribute to discussions in a meaningful manner and take stories forward.

However, we will NOT condone the following:

  • Racism (including offensive comments based on ethnicity and nationality)
  • Sexism
  • Homophobia
  • Religious intolerance
  • Cyber bullying
  • Hate speech
  • Derogatory language
  • Comments inciting violence.

We ask that your comments remain relevant to the articles they appear on and do not include general banter or conversation as this dilutes the effectiveness of the comments section.

We strive to make the 702 community a safe and welcoming space for all.

702 reserves the right to: 1) remove any comments that do not follow the above guidelines; and, 2) ban users who repeatedly infringe the rules.

Should you find any comments upsetting or offensive you can also flag them and we will assess it against our guidelines.

702 is constantly reviewing its comments policy in order to create an environment conducive to constructive conversations.

Read More
Curro's 'Stadio' is the hottest share you can buy this week - Vunani Securities

Curro's 'Stadio' is the hottest share you can buy this week - Vunani Securities

Small and medium cap analyst Anthony Clark shares his stock pick of the week with Bruce Whitfield on The Money Show.

2 shares that should pay handsomely, if you buy them now (by Luthuli Capital)

2 shares that should pay handsomely, if you buy them now (by Luthuli Capital)

The Money Show’s Bruce Whitfield asks Luthuli Capital Executive Director Mduduzi Luthuli for his stock picks of the week.

Investing 101: We discuss inflation busters “property” and “equity”

Investing 101: We discuss inflation busters “property” and “equity”

New at investing? We explain the best wealth creating, inflation busting “asset classes”, namely “property” and “equity”.

Can’t (or won’t) buy to let? Don’t sweat; there’s a far more lucrative option

Can’t (or won’t) buy to let? Don’t sweat; there’s a far more lucrative option

Financial planner Claude Hannah compares the costs, risks and returns of property unit trusts to that of buy-to-let properties.

3 reasons why 2015 will be a good year for property

3 reasons why 2015 will be a good year for property

Residential property has had a rough ride since 2007/2008, but things are looking decidedly better as we head into 2015.

How to invest in multiple properties (even if you can’t get a home loan)

How to invest in multiple properties (even if you can’t get a home loan)

You don’t need much money (or a home loan) to invest in multiple properties. Enter “Property Unit Trusts”…

Popular articles
Why Sisulu and Dlamini-Zuma aren't suitable Presidential candidates: analyst

Why Sisulu and Dlamini-Zuma aren't suitable Presidential candidates: analyst

ANC branch in the Eastern Cape, Z.R Mahabana, has launched a campaign backing Lindiwe Sisuslu as an ANC presidential candidate.

It's not the end of the road... Top tips to improve your matric

It's not the end of the road... Top tips to improve your matric

"Recognise that it’s not the end, it’s the beginning." Expert advise for school-leavers who want to improve their results.

Gospel singer Sipho Makhabane explains how Sfiso Ncwane died

Gospel singer Sipho Makhabane explains how Sfiso Ncwane died

Makhabane says Ncwane was feeling weak yesterday and his wife phoned paramedics to check on him.

14 job titles that callers can't take seriously

14 job titles that callers can't take seriously

People do some very interesting things for a living, but some job titles are given more credit than others.

Pamela Nomvete on her downfalls as actress, and 'climbing back'

Pamela Nomvete on her downfalls as actress, and 'climbing back'

This week Xolani Gwala's speaks to former Generations actor Pamela Nomvete for #WhatInTheWorldHappenedTo feature.

Who is Advocate Tembeka Ngcukaitobi?

Who is Advocate Tembeka Ngcukaitobi?

The EFF lawyer stole the show during the state capture report court battle.

‘I started my thriving business with R5000 (and made a profit in the 1st month)’

‘I started my thriving business with R5000 (and made a profit in the 1st month)’

After 3 years there are 3 Nic Harry stores (incl online) that sell 100 000 pairs of socks in over 20 countries around the world.

3 easy questions could bag you R2000!

3 easy questions could bag you R2000!

WIN R2000! But only if you can prove you're a whiz of the MTN Biz Quiz by answering the following three questions...

Blesserfinder: Matching you with a sugar daddy near you

Blesserfinder: Matching you with a sugar daddy near you

Is social trend Blesserfinder, where girls are allegedly matching up with rich 'benefactors' in exchange for sex, a real thing?