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Expect 3% average house price growth in 2017 - economist

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Cape Town - The average house price growth for 2017 is expected to be 3%, John Loos, household and property sector strategist at FNB, said on Wednesday.

Although this estimated 3% is higher than where house price growth is currently at, it is still lower than the average house price growth rate of 5% in 2016.

In nominal terms - when not adjusting for consumer price index (CPI) inflation - the average house price in February 2017 was actually 297.5% above the level at the end of 2000.

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