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.


Recommended

by NEWSROOM AI
Read More
How to get rich by investing in smoking hot US and Canadian dagga shares

How to get rich by investing in smoking hot US and Canadian dagga shares

Returns of 500% are not unheard of. Is this another crypto-like bubble? Not in the least, says Financial Advisor Warren Ingram.

Millennials – contrary to the stereotype - are very, very good with money

Millennials – contrary to the stereotype - are very, very good with money

Life is really hard for young adults, but they’re more than coping. Old Mutual research suggests older adults can learn from them.

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
[LISTEN] New Visa regulations could change the face of South African tourism

[LISTEN] New Visa regulations could change the face of South African tourism

Lecturer at TUT's Dept of Tourism, Unathi Henama says that the tourism sector is at the center of the economic policies in SA.

We call it Heritage Day so it's more inclusive - Coconut Kelz (Lesego Thlabi)

We call it Heritage Day so it's more inclusive - Coconut Kelz (Lesego Thlabi)

In this segment of the Current Affairs with Coconut Kelz, satirical comedian Lesego Thlabi channels Kelz to chat about Heritage Day.

'My hubby is 75 and we still do it' - stories about sex on the other side of 50

'My hubby is 75 and we still do it' - stories about sex on the other side of 50

Is biology putting the brakes on your sexuality? Callers share their experiences of sex and growing older.

How to get rich by investing in smoking hot US and Canadian dagga shares

How to get rich by investing in smoking hot US and Canadian dagga shares

Returns of 500% are not unheard of. Is this another crypto-like bubble? Not in the least, says Financial Advisor Warren Ingram.

[Watch] Dad breaks down when reunited with car sold to pay wife’s bills

[Watch] Dad breaks down when reunited with car sold to pay wife’s bills

Khabazela shares some of the most popular tweets, posts, and videos on 'What's gone viral'.

DStv Premium on a downward spiral, warns tech guru

DStv Premium on a downward spiral, warns tech guru

DStv has lost about 140 000 Premium subscribers to Netflix over the past two years, tech expert Arthur Goldstuck.

[WATCH] Is it a cow's penis or an udder? Well, this kid thinks it's a penis

[WATCH] Is it a cow's penis or an udder? Well, this kid thinks it's a penis

Check out the videos, tweets, Facebook posts that have gone viral and why this kid cheered her dad on in the toilet.

'My daughter bought Spur shares when she was 10 years old' - Dr Adrian Saville

'My daughter bought Spur shares when she was 10 years old' - Dr Adrian Saville

What does Citadel’s famed disciple of contrarian, deep-value investing Dr Adrian Saville hope for (and fear) about money?