Residential property price growth (year-on-year) slowed to 1.9% in November from 2.6% in October, according to the FNB House Price Index.
Considering inflation of 6.4% in October – the latest available figure – real house prices are falling.
House prices are down 4.3% in real terms since December 2015 and down 21.9% since December 2007.
FNB expects real house prices to continue falling – by around 3% - throughout 2017.
The Money Show’s Bruce Whitfield interviewed John Loos, Household and Property Sector Strategist at FNB.
Listen to the interview in the audio below (and/or scroll down for quotes from it).
The Western Cape is bucking the national trend.— John Loos, FNB
Enter your email address in the form below to receive a newsletter containing the most-read articles of the week from Bruce Whitfield’s The Money Show every Friday morning in your inbox.
They’ve been counting Oscars votes for 80 years. They’ll never forget 2017…
The Money Show’s Bruce Whitfield interviews Bala about his attitude to money (hopes and fears, successes and failures, etc.).
What happens when an industry dies? A clip from “Hollywood Ending: Mutations of Money at the End of the Movie Industry"...
Portfolio Manager Michael Treherne on what he believes are the three hottest stocks right now.
The Money Show’s Bruce Whitfield interviews Ennik Estates Founder and Principal Ronald Ennik.
Freestanding or sectional title? CBD or suburb? Swimming pool or solar panels? The nature of residential property is changing.
A few months ago the dam was only 27% full.
The #ForeignerMarch has turned violent. Police had to use stun grenades and rubber bullets to disperse the crowd.
Joburg mayor Herman Mashaba has condemned the violence in the strongest possible terms and says he will lay charges.
What does the Finance Minister's announcement on transfer duty threshold really mean for home buyers?
Worcestershire or "Wooster" sauce? The Queen's language can be over-rated and hard to get right! Listeners chuckle at themselves.
Eusebius McKaiser hosted a heated debate on God's existence with atheist Jacques Rousseau and believer Mahlatse Winston Mashua.