for subscribers

Signs of broad slowing in Cape Town house price growth

Share your Subscriber Article
You have 5 articles to share every month. Send this story to a friend!
(iStock)
(iStock)

Cape Town - Signs of a broad slowing in house price growth in the City of Cape Town are emerging, according to John Loos, household and property sector strategist at FNB.

He emphasised, that although affordability is becoming a challenge, slowing growth does not mean price decline.

"Our most recent FNB Estate Agent Surveys have recorded far lower first time home buyer estimates in Cape Town than any other of the major metros in the country", Loos told Fin24.

There’s more to this story
Subscribe to News24 and get access to our exclusive journalism and features today.
Subscribe
Already a subscriber? Sign in
ZAR/USD
16.70
(+0.32)
ZAR/GBP
21.27
(+1.10)
ZAR/EUR
19.56
(+0.88)
ZAR/AUD
11.99
(+1.12)
ZAR/JPY
0.16
(+0.70)
Gold
1904.00
(-0.66)
Silver
24.36
(-2.50)
Platinum
872.04
(-1.42)
Brent Crude
42.14
(-3.94)
Palladium
2246.50
(-1.73)
All Share
53199.45
(-0.22)
Top 40
49064.23
(-0.18)
Financial 15
9555.17
(+0.37)
Industrial 25
71830.55
(+1.15)
Resource 10
52856.15
(-1.99)
All JSE data delayed by at least 15 minutes morningstar logo
Company Snapshot
Voting Booth
Do you think it was a good idea for the government to approach the IMF for a $4.3 billion loan to fight Covid-19?
Please select an option Oops! Something went wrong, please try again later.
Results
Yes. We need the money.
11% - 1333 votes
It depends on how the funds are used.
73% - 8730 votes
No. We should have gotten the loan elsewhere.
16% - 1924 votes
Vote