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The latest FNB House Price Index shows that pressure persists in more affluent areas, while low-income areas have remained resilient.
The loan-to-price ratio in South Africa is growing, and overall mortgages extended to South Africans grew by 4.9% – but property is still getting cheaper.
There are indications that banks' lending appetite has increased, according to Adrian Goslett, Regional Director and CEO of RE/MAX of Southern Africa.
The slow decline in real house price growth continues and remains negative in real terms, says John Loos, household and property sector strategist at FNB.
A "correction" in real house price growth in SA continues with growth remaining below general inflation, says a household and property sector strategist at FNB.
There has been slight residential affordability deterioration despite relatively slow average house price growth, FNB housing affordability ratios show.
The difficult economic environment has weighed heavily on demand for housing and in turn impacted prices, the Standard Bank National House Price Index has revealed.
UK house prices fell for the first time in almost two years in March, according to the latest report from Nationwide Building Society.
UK house-price inflation has cooled to the least in more than a year in January, which warned of a slowdown this year as pressure on consumers’ pockets intensifies.
Gauteng has been leading the way to slower average house price growth among the major property regions in SA, the FNB Major Regions House Price Indices show.
South Africa ranks 24th out of 56 countries listed in the latest Knight Frank Prime Global House Price Index.
FNB economist Siphamandla Mkhwanazi breaks down the sub-regional data for Cape Town suburbs in terms of house price growth.
The FNB House Price Index was relatively flat at 3.8% year-on-year in March, compared to 3.7% y/y in February, says FNB economist Siphamandla Mkhwanazi.
Cape Town is in for a considerable period of slower house price growth, according to John Loos, household and property sector strategist at FNB.
The severe drought in the Western Cape could be starting to play a "cooling" role on its economy as well as on its housing market, says John Loos of FNB.
House price growth slowed in June, reflecting the negative sentiment about SA's economy, says economist John Loos.
Mounting affordability challenges have likely caused some slowing in house price growth in the Western Cape in recent quarters, says a property expert.
The average house price growth for 2017 is expected to be 3%, says household and property sector strategist at FNB John Loos.
During 2017 the average house price growth in SA is expected to be slower than in 2016, according to John Loos, household and property sector strategist at FNB.
Although the Western Cape is by far the strongest housing market among SA’s major regions, it cannot defy gravity for ever, cautions a property expert.
Cape TownemergeR600 000.00 - R700 000.00 Per Year
Cape Townemerge R580 000.00 - R620 000.00 Per Year
Cape Town Southern Suburbs1st Contact T/A Sable International
R 13 950
Apartments / Flats
R 9 400
R 3 750 000
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