The Financial Sector Forum
Housing
Absa: House price indices
House price growth appears to have peaked. Nominal year-on-year growth in the average value of homes in the middle segment of the South African residential property market appears to have reached an upper turning point in March 2013. This is in line with the expectation that base effects and slowing monthly price growth since mid-2012 … Continue reading
Absa Housing Review Q4 2012
07 May 2013. Absa Housing Review summary: The fourth quarter of 2012 saw the South African economy growing at a seasonally adjusted, annualised rate of 2,1%, as measured by growth in the country’s real gross domestic product. This was almost double the pace of economic growth in the third quarter of last year, when the … Continue reading
Absa: House price indices
08 Nov. House price growth improves, but set to remain relatively low. October 2012 saw the year-on-year growth in the average value of homes in the middle segment of the South African housing market improving further compared to September this year. Month-on-month price growth, however, is still on a steady declining trend, pointing to eventual … Continue reading
Absa Housing Review Q4 2012
30 Oct. Absa Housing Review summary: The South African economy expanded at a real seasonally adjusted annualised rate of 3,2% in the second quarter of 2012, up from 2,7% in the first quarter. The improved economic growth came on the back of a strong recovery in mining production after the sector was plagued by industrial … Continue reading
Absa: House price indices
10 Sep House prices show marginal growth. Marginally positive year-on-year growth was recorded in the average value of homes in the middle segment of the South African housing market in August 2012, while trends in month-on-month growth point to a continued subdued price performance in the near term. This is according to the Absa house … Continue reading
Absa: House price indices
14 Aug House price performance remains subdued. Year-on-year growth in the average value of homes in the middle segment of the South African housing market continued to show some strain in July 2012. This is according to the Absa house price indices, which are based on applications for mortgage finance received and approved by the … Continue reading
Absa: Mortgage advances
31 Jul. Further uptick in household mortgage advances growth. Growth in value of outstanding credit balances in the South African household sector was somewhat higher at 7,7% year-on-year (y/y) in June 2012 from 6,8% y/y in May. The outstanding amount of household credit was R1 229,2 billion at the end of June, up by R9,1 … Continue reading
Absa Housing Review Q3 2012
26 Jul. Absa Housing Review summary: Real growth in the South African economy slowed down in the first quarter of 2012, largely driven by a sharp contraction in mining production. Growth of less than 3% is forecast for 2012 on the back of a depressed global economy and expected lower growth in gross domestic expenditure. … Continue reading
Absa: House price indices
17 Jul. House price growth stabilising. According to the Absa house price indices, which are based on the average value of homes for which the bank received and approved applications for mortgage finance in the small, medium-sized and large categories in the middle segment of the market (see explanatory notes), year-on-year price growth in the … Continue reading
Absa Housing Review Q2 2012
Absa Housing Review summary: The fourth quarter of 2011 saw the South African economy growing at a real seasonally adjusted annualised rate of 3,2%, which was a marked improvement on real growth of only 1% and 1,7% recorded in the second and third quarters respectively. The improved economic growth in the final quarter of last … Continue reading
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