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
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
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
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
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
08 May. House price deflation continues. Latest trends House price deflation in the South African residential property market continued on a year-on-year basis in April 2012. This is according to Absa’s calculations, which are based on the average value of homes for which the bank received and approved mortgage loan applications in the small, medium-sized … Continue reading
24 Apr. Home values in a state of deflation. Latest trends The average value of homes in the South African residential property market for which Absa received and approved applications for mortgage finance, is deflating. This is based on the bank’s house price indices for the small, medium-sized and large categories in the middle segment of … Continue reading
07 Mar. Subdued growth in house prices continues. House prices in the South African residential property market continued to show relatively low nominal growth on a year-on-year basis in February 2012, with month-on-month price trends under pressure since late last year. In real terms, i.e. after adjustment for the effect of inflation, house prices deflated … Continue reading
07 Feb. House price growth remains low and is slowing down. The slowdown in nominal year-on-year house price growth, evident towards the end of 2011, continued in January 2012. On a monthly basis nominal price growth remained in negative territory up to the first month of the year. In real terms, i.e. after adjustment for … Continue reading
12 Jan. 2011 saw low nominal house price growth, with prices deflating in real terms. Relatively low nominal year-on-year house price growth was recorded in 2011, while in real terms, prices dropped last year compared with 2010. On a monthly basis price growth slowed down or was in negative territory towards the end of the … Continue reading